Three quarters of millennials believe Brexit will impact them moving home

Michael Lloyd

February 27, 2019

Some three quarters (74%) of millennials believe Brexit will impact their ability to move in the next two years, home moving experts AnyVan.com has found.

And a fifth (21%) of millennials said Brexit will stop them being able to buy their first home or get a mortgage in the next two years.

There has recently been a number of big retail casualties from the high street alongside other large firms like Honda and Dyson pulling the plug on their UK operation.

Angus Elphinstone, chief executive of AnyVan.com, said: Our latest property research shows the impact of Brexit to young homeowners along with the next wave of first-time buyers.

“There just simply isn’t the confidence or funds available for a vast number of young movers. These are uncertain times and it will be very interesting to see how the property market reacts once we’ve exited the EU next month.”

Some 13% Brits were uncertain about their current employment and this is likely to hold them back from any home move. Both Cardiff and Leeds (17%) ranked highest for workers being uncertain about their job with Nottingham at 15%, Southampton at 12%, Liverpool at 11% and Manchester 10%.

A decrease in the value of the property is the biggest worry for most homeowners across the nation. Londoners are most worried about sliding property values, with nearly one in five (19%) owners in the capital fearing Brexit will push prices down over the next two years.

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