A report by Zoopla – the property website – found that sellers in the north of England -including Merseyside- were forced to cut the asking-price of their property following the UK’s decision to leave the EU. However, managing partner of a conveyancing solicitors in Southport, Stephen Breen said: “We had fewer instructions in the first week following the Brexit vote but since then it’s been business as usual.
“Once all the political upheaval settled down, home movers and first time buyers continued with their plans just the same.”
His comments are backed up by the Royal Institution of Chartered Surveyors (RICS). A senior economist at RICS, Jeffrey Matsu, said: “The outlook has stabilised. What we were hearing [in June] was a knee-jerk reaction but people have recovered from the initial shock.”
Comments from estate agents also suggest activity has picked up after an initial wobble while others cite the Brexit vote as having only a modest impact.
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