The historic referendum vote in favour of leaving EU raises questions over what impact this will have on the UK private rental market and in particular on landlords. Will reduced immigration lead to a lower demand for housing? Will rents rise or fall? Will buy-to-let landlords quit the market?
To help answer some of these questions, plus others that you may have, Andrews Property Group will be using its weekly ‘#PropertyHour’ discussion on Twitter to answer any questions and concerns people have following the UK’s decision to leave the EU.
Starting tomorrow (Wednesday), the property group will focus on a different aspect of how the outcome of the EU referendum may impact the property market, kicking off with a Q&A with David Westgate, managing director at Andrews Letting & Management, on how Brexit will impact the letting market for landlords.
Speaking of the decision to dedicate its ‘#PropertyHour’ discussion to the impact of Brexit, Ronda Green, marketing director at Andrews Property Group, said: “The UK’s decision to leave the EU has created a number of questions. These encompass the impact it’ll have on house prices; how interest rates and mortgages will be affected; and whether the lettings market will see its pool of potential tenants fall.
“In order to best serve our existing and future customers, we felt it wise to showcase our industry experts across sales, lettings and mortgages so that the questions that have emerged in the last few weeks can be answered and the uncertainty felt by many can start to be erased.
“No-one can say with absolute certainty what the future holds but our experts are continually monitoring the market and can advise the public of what is actually happening, without any of the scaremongering that emerged during the run up to the vote. We’re very much looking forward to seeing what the burning questions that the public have at this time are.”
David Westgate’s post-Brexit #PropertyHour on how Brexit will impact the letting market next week, will be followed on Wednesday 27th July with Paul Bumford, financial services director, answering questions on mortgages in the post-Brexit world, while on Wednesday 3rd August, Chris Chapman, managing director of Andrews’ estate agency, will be taking questions on the residential sales market.