Pro-Leave Areas In The UK Are Confident In The Property Market

New data released by NetAnAgent has revealed that Brexit voting areas are displaying the most confidence in the property market. examined how many website enquiries are going to valuation with estate agents to show the level of confidence sellers are currently feeling across the UK and how likely they are to put their home on the market.

Key findings:

  • Hull (65% leave) is witnessing 28% above the national average of properties going to valuation, highlighting the confidence that residents feel in listing their property on the market and subsequently getting it sold.
  • Bradford (54% leave) is 20% up on the average.
  • Fees from traditional agents have fallen by an average of 15% across the UK compared to the same period in 2016. Some areas, in fact, have witnessed a fall of up to 40%.
  • Leeds has seen the average agent fee fall from 1.45% in 2016 to 1.18% in 2018, a proportional reduction of 18.6%. This means sellers would now pay £2,439.65 in fees compared to £2,997.88 in 2016.
  • Sellers can now expect to save, on average, £307 on their house sale when using a traditional local agent.

Read the full article: Property Investor