Most Brits will not move house because of Brexit

The majority of Brits do not think that they will move house as a result of the UK leaving the European Union.

The UK housing market has been under the spotlight for the last few years, but research from Attic Self Storage reveals 97 per cent of people in the UK do not think Brexit will be a trigger for their next move. But what are the biggest obstacles to moving house, and what is most likely to make people move?

New research from Attic Self Storage surveyed 3,000 residents from across the UK to find out more about what motivates people to move home. For example, the fact that 54 per cent of London’s transient population hopes to move home over the next five years may not be that surprising. However, the news that residents in three other UK regions are more concerned about the impact of Brexit on their move than Londoners are, despite London being home to more than a third of all the EU Nationals who live in the UK, probably is.

Frederic de Ryckman de Betz, CEO at Attic Self Storage, says: “It’s becoming a bit of a cliché, but uncertainty really is the new norm. Macroeconomic events have been joined by politics in their unpredictability, and while unemployment remains at record lows, there is significant uncertainty now about the impact of Brexit on the economy, employment, the housing market and home movers.

“We wanted to understand a little more about the motivations of all home movers, and we were genuinely surprised at some of the findings. The headline that 97 per cent of respondents didn’t seem to think Brexit would be the main reason for their next home move is surprising. However, we were struck by the biggest obstacle to moving home – stress – which was cited more often than mortgage affordability. We think this sort of insight could lend weight to the Government’s drive to speed up the house buying process.”