Reading: Brexit – What now? asks Haslams

The result of the Referendum has caused a hiatus and the feeling that we are stepping into uncharted waters, says Haslams. While many are feeling anxious others are anticipating a bright new future.

It’s too early to know exactly who will be right but, one week on, we are pleased to report that as far as the Greater Reading area is concerned, the doomsayers have been proved wrong and the sky has not fallen in. We are still here and it is pretty much business as usual.

Any loss in confidence has not translated into any meaningful decline in business. Yes, a handful of people have pulled-out of purchases sighting Brexit as their reason but these have been rare occasions and very much a trickle: not a torrent. People still need to move; to upsize, downsize, because of job changes or to be closer to a chosen school; these demands remain irrespective of economic conditions.  Coupled with this, Reading remains a compelling proposition due to its highly-skilled workforce and its easy access to Heathrow, London, and beyond.

We have been saying for some time that some heat needed to be taken out of the market and we believe that a flattening-off in prices – not a fall – is now likely to happen.  For first time buyers, this may present the perfect opportunity to take that first step on the housing ladder. Availability of mortgages is still good and rates may actually fall. Seasoned investors are likely to take the long-term view and we are still seeing a good level of investor interest: especially for apartments.