Brexit and the apparent impact?

3rd July 2017

Some time has now passed since the unrest of the recent general election and ‘hung’ parliament and contrary to national reports, the increased sales and lettings activity or “bubble” we are experiencing in our local market appears to remain.

Whilst our business operates primarily in the rural sector we understand fully, the impact on the agricultural fraternity that the recent announcements and turmoil will have.

It is certainly worth acknowledging that a significant amount of our business comes from these clients and most of our offices are situated within these areas. Clearly, with Brexit on the horizon there will be significant turbulence within our industry particularly in relation to farming and agriculture.

Irrespective of this, the trend in the immediate number of residential sales transactions taking place is rising in our branches. Our offices continues to experience high levels of activity in terms of viewings taking place and proceedable offers being received. We have never been more positive in recent times!

We are informed that borrowing is relatively cheap at the present time and that more and more mortgage applications are being granted with relative ease which in turn assist, in the oiling of the cogs within our industry.

The full impact of Brexit remains to be seen, however within the residential sales and lettings market to date in the short term we see no negative impact.

We have the benefit of a variety of professionals within our business who not only can share their knowledge with our residential agency teams but are also on hand to help and advise in this uncertain time on wider issues and would welcome a call should you require assistance.

If you are thinking of selling or letting your property please contact one our professional and friendly teams at your nearest office:

Alnwick – 01665 603581
Wolsingham – 01388 527966
Barnard Castle – 01833 690390
Bedale – 01677 425301

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