House prices: Ongoing Brexit negotiations are having THIS impact on UK home movers - Express.co.uk

House prices: Ongoing Brexit negotiations are having THIS impact on UK home movers – Express.co.uk

Brexit negotiations were not considered as a reason to move or not for over two thirds of UK home movers. Although many want to portray Brexit as an event that will affect home movers, most cited personal reasons as their reason for moving. Among home movers ages 25-34 this was the most true with most people citing a growing family size as their reason for moving. This research was conducted by Brian Murphy, who is the Head of Lending for Mortgage Advice Bureau.

Key Takeaways:

According to the Brian Murphy, the Head of Lending for the Mortgage Advice Bureau, 71 percent of people moving did not consider Brexit as a factor in their decision process.
Research from the Mortgage Advice Bureau indicates that the upcoming EU departure is having almost no impact on consumer confidence.
According to this report, personal circumstances primarily are what’s driving decisions around lifestyle changes such as buying a new home.

“The fact that 71 per cent of those planning a home move did not see Brexit as an influencing factor in their decision making process”