Canny first-time buyers can use Brexit to advantage

Ryan Bembridge

June 29, 2016

row of houses housing

“Canny” first-time buyers can use the Brexit vote to their advantage by negotiating a better price on homes, Your Move and Reeds Rains director Adrian Gill has claimed.

The Your Move House Price Index found that typical first-time buyer house prices rose by £23,000 in one year to stand at £173,282 in May 2016.

Gill said: “Canny first-timers will use any Brexit-lull as a chance to snap up a good deal and get on the housing ladder.

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“The Brexit result won’t change the fact that huge numbers of aspiring first-timers want to buy a first home and lots won’t want to wait out the two years until the renegotiations over the EU have been completed.

“In the short-term, the wider market wobbles may benefit first-timers, giving them the leverage to negotiate harder and get a good deal on purchase price.”