Brexit or no Brexit - families are still moving

April 20th 2019
By: Melanie
Brexit or no Brexit - families are still moving

According to the latest data by Rightmove, the family sector are not being put off by all of the ‘Brexit’ news. In fact, properties that have three bedrooms are outperforming other sectors, excluding four bedroom detached properties. 

Andrew Gilchrist Managing Director at Intercounty commented: “Families who have waited a couple of years during the Brexit negotiations to see what might happen if there was a Brexit deal or No deal have just got fed up with waiting. With no end in sight, they have given up and decided to move anyway. We are not expecting a huge surge of families looking to buy houses. 

He continued “However, we have continued to see family buyers moving out to parts of Essex and Hertfordshire especially market towns where buyers are enticed by good value for money property and great local services, all within an easy commute to the capital, which is keeping the home counties a very popular location for the family market.”

Here are some of is the data from their April House Price Index:

Price of new-to-the-market properties increases by an average of 1.1% (+£3,447) this month, the biggest month-on-month rise for over a year and the largest at this time of year since 2016

• Family home sector outperforming other sectors in key metrics as their housing needs outweigh uncertainty:

• Holding value better, with an average 0.7% year-on-year price increase for family homes compared to a fall of 0.1% nationally for all properties

More likely to sell, with a number of sales agreed down 0.4% year-on-year while the national average drop is 1.6%

• Slightly more willing to come to market, with 0.7% more new sellers than this time a year ago, compared with a 1.2% fall in new-to-the-market sellers nationally

• The Brexit delay could boost spring market activity as short-term uncertainty recedes.