Home Property Non-homeowners fear Brexit will out price them from the market

Non-homeowners fear Brexit will out price them from the market

by LLP Reporter
13th Mar 19 2:32 pm

59% of non-homeowners are worried that Brexit will make it even harder to purchase a house in the UK, research from property firm Ocea Group shows. The data found that women (64.7%) are more worried than men (52.3%) about the effects of Brexit on the housing market.

Younger people were also more concerned with 69.6% of 18 to 24-year olds worried that Brexit will make home ownership harder.

Justine Curtis, director and co-founder of Ocea Group sadi, “Home ownership is a very British thing and a foundation of the stability of our housing market. Brexit looks like it could be the brute that kicks the housing ladder out from right under the feet of first time buyers completely.

“These results clearly highlight how the majority of non-homeowners are worried Brexit uncertainty will make it even harder for them to get onto the housing ladder. Ocea is looking to address the concerns of first time buyers with our focus on converting office space into affordable and desirable homes.”

Glenn Delve, managing director and Co-Founder of Ocea Group said, “It is interesting to see the big split between men and women when it comes to Brexit, as well as age groups and this largely reflects the way these groups voted back in 2016.

“It would seem that for ‘remainers’, Brexit is yet another big issue that is clearly compounding the concerns of non-homeowners, who feel that it is going to make it much harder to get onto the housing ladder.

“At Ocea we want to be part of the solution and aim to bring more affordable housing to the market by using the government’s Prior Approval Permitted Development scheme, which allows us to convert commercial property into highly desirable residential property.

“We are committed to helping address the housing shortage in the UK and assisting first time buyers in realising their dream of getting onto the property ladder, regardless of how Brexit pans out.”

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