Humberts is launching an email property clinic to answer any specific buyer or vendor queries on issues, including their concerns following the Brexit vote.
The announcement has come following the shock decision of the British public to vote to the leave the EU in last week’s referendum.
“Continued uncertainty is likely to keep the brakes on the property market for the foreseeable future. The ‘must movers’ will still move in line with their personal circumstances – upsizing, downsizing or moving for schools. In contrast, many investors and less committed buyers are likely to sit tight to see the economic and social impact of the announcement” explains Ian Westerling, Humberts’ managing director.
“Housing market professionals will need to brace themselves for a ‘new norm’ in market dynamics, underpinned by the ongoing unknowns. The wait and see period could lead to some price adjustments; the onus will be on the government to act swiftly to avoid the property market becoming paralysed which would have a knock-on impact on the rest of the economy“ he says.
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