"Has it affected your business levels negatively OR indeed positively?
We were feeling rather smug here at Charters post Brexit, simply because we have continued to trade noticeably unscathed and we had even witnessed a marginal increase in all instructions, lets and sales and seen a noticeable increase in the volume of new home sales agreed off-plan.
The wider media continue to report the positivity felt by other industry professionals ranging from estate agents, mortgage advisors and solicitors who are all reporting equally favourable reactions, claiming ‘business as usual’ right across our region. The UK property market apparently grew in June and UK house prices increased 8.2% on average over the last year.
Honestly, the market had appeared to somewhat worryingly stagnate in the weeks leading up to the recent EU referendum and many customers and clients were choosing to sit on their hands and await the news, thus the ‘Brexit bombshell’ has actually come at a time when the pause was virtually Christmas like.
Despite the result being a widely unexpected, it appears that the majority in our area have simply gotten on with life. As usual, our local Hampshire and Surrey market is remarkably resilient and has been stimulated once again. We do accept and we are most grateful that our region is a very affluent and aspirational bubble, known to buck the national trends, both now and in previous and equally challenging marketplaces.
So, all the signs are currently positive. We have even seen price reductions implemented by a persistent few, who perhaps anticipated a different outcome. The subsequent release of some very attractive new mortgage deals comes at a time of renewed energy and gives us greater confidence that the healthy supply vs demand balance remains strong.
Charters has recently employed a number of new staff in all our offices and we have recently acquired new premises in Chandlers Ford and Romsey, in readiness for planned expansion, and so we look forward to increasing our overall market share and serving our wider communities."
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