Brexit uncertainty has left some Britons unsure about whether they should be spending their money or not. And, with a house being one of the largest investments a person may ever face, some people have chosen to steer away from purchasing property. However, haart, a family run lettings agency which is part of the UK independent estate agency group Spicerhaart, have revealed that they’ve seen a “jump” in activity on the market in recent months.
This has created huge pent-up demand in the market
Paul Smith, CEO of heart
According to haart, transactions on the property market across England and Wales jumped by 14 per cent on the month.
And, there was an increase of 18 per cent on the year in December.
According to Paul Smith, CEO of heart, the UK’s largest independent estate agent, this could be a trend that’s set to continue.
He said: “2018 was dictated by depressed market activity as would-be buyers and sellers took stock in uncertain times.
“But this has created huge pent-up demand in the market, and we saw buyers return to in the usually quiet final weeks of the year, despite ongoing Brexit drama.”
Looking back on recent trends, Paul explained that haart had seen more prospective customers than usual.
Brexit news: The property market is said to have seen a spike in recent months (Image: GETTY)
“Over the Christmas and New Year period we experienced higher than usual footfall in our branches and phone activity was also up – a very reliable indicator of where the market is headed,” he