How political events are influencing decisions to buy and sell property

How political events are influencing decisions to buy and sell property

Nearly one quarter of Britain’s homeowners agree that the recent general election and Brexit decision have had an impact on their decision to sell or buy property over the next year, a new report states.

The research was put together by Plentific, a home service firm, and revealed that 24% of participants are of the opinion that these two political events have influenced them to sell property. Additionally, 32% of Londoners are now more likely to sell than they were before.

How To Buy & Sell Property Post-Brexit [Infographic]

The same report also stated that the willingness to undertake home improvements has increased significantly. Just under 40% of the capital’s homeowners have said they would now be more likely to invest money in improvements, an increase from 22% last year.

When it comes to the age divide, those aged between 18 and 34 are the most likely to arrange for improvements in their home, with a 33% ratio stating they will do so. This is another significant increase as last year only 22% said they would be looking into making renovations.

Locations across the UK that are the most likely to see renovations happening soon, following the recent political events, are:

  • London at 39%
  • Cardiff at 20%
  • Edinburgh at 17%
  • Newcastle at 16%

This proves once again that the capital is by far the location that is affected the most by political change, whilst property in other areas of the UK may remain somewhat untouched.

Brexit: A big change with little impact on the country’s property market

Out of those 24% whose property selling decision was affected by the general election and the EU referendum result 8% are more likely to move within the next 12 months whilst 16% are less likely to do so.

Young homeowners were the most divided when it came to finding the best time to make the move. Whilst 25% stated they would be looking into moving over the next year another 19% explained that they’d prefer to stay put.

Self-certified Sophisticated Investor

Please read

I declare that I am a self-certified sophisticated investor for the purposes of the restriction on promotion of non-mainstream pooled investments. I understand that this means:

I am a self-certified sophisticated investor because at least one of the following applies:

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me seek advice from someone who specialises in advising on non-mainstream pooled investments.

High Net Worth Investor

Please read

I make this statement so that I can receive promotional communications which are exempt from the restriction on promotion of non-mainstream pooled investments. The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me:


Sign up for first access to new developments and exclusive property investment opportunities.

We send limited and targeted emails on new launches and exclusive deals which best fit your areas. We are trusted by over 30,000 active buyers as their source for new stock.

  • New property developments
  • Professional market reports
  • Property deal alerts
  • Development updates
Manchester property investment


Receive trending news straight to your inbox and stay up to date on all of the property market trends and advice.

Established since 2005 we are a leading voice of authority and commentary on the UK property market. Our news is trusted by Apple News & Google News.

  • UK housing market
  • Mortgage & money
  • Buy-to-let landlords
  • Guides & advice

Talk to us

Speak to our UK property experts today:


+44 (0) 333 123 0320

Open from 9am-6pm GMT


+852 6699 9008

Open from 9am-6pm HKT