Aston Mead calls for calm following #Brexit vote

One of the UK’s leading land brokers has called for calm in the property sector, following Britain’s referendum vote to leave the European Union.

Adam Hesse, Director at Aston Mead Land & Planning says that despite the Remain camp’s previous warnings of disaster, remarkably little has changed in the first 12 days since the vote.

He explained: “The truth is that bids are still being brokered and deals are still being done. We’ve not had anyone pull out of any land deals as a result. In fact, we were selling a site with sealed bids on the day the result was announced – and everyone who was due to bid did so. But there is a danger that people will believe the warnings and assume Brexit means chaos will prevail – and then it becomes a self-fulfilling prophecy.”

Adam Hesse said that regardless of the way individuals voted in the referendum, businesses and organisations should accept that the UK would be pulling out of the EU and move forward.

He explained: “It was a democratic decision, so we have to abide by the outcome and move on. In effect, we’re all Brexiteers now. All this talk of a second referendum is only making things worse. The result on the day was conclusive. What if a second vote went the other way? What do these campaigners want – the best of three?

 

“The reality is that we’ll be leaving the EU and our job in the property sector is to help the transition work as effectively as possible. That means we need an end to scare stories and doom-and-gloom scenarios. Instead we should unite together with an optimistic outlook to take advantage of the new opportunities that are now on offer.”

 

Adam Hesse said that despite short-term difficulties along the way, all the right ingredients were still in place for the country to prosper.

 

He added: “All the solid fundamentals are there. I’m talking about high employment, decent purchasing power and very low mortgage rates – which might yet go lower still. And the Chancellor has indicated in the past few days that Corporation Tax may well be coming down too.

“Any land which has been bought and been through planning since we came out of recession is still going to be built on. Other sites may have to be renegotiated – but that’s no different to what a private buyer goes through when they are purchasing a house.

“Admittedly, some of the steam may have been taken out of the market and we could be in for a quieter summer as things readjust. So developers are understandably cautious. But they are not going to be helped by a tidal wave of pessimism which will only make things worse.

“There may be challenging times ahead – but there are real opportunities too. As far as new homes and land are concerned, Britain is still very much open for business.”

Breaking News shared by: Property Publicity – Eric Dixon eric@propertypublicity.co.uk

Christopher Walkey

Founder of Estate Agent Networking. Internationally invited speaker on how to build online target audiences using Social Media. Writes about UK property prices, housing, politics and affordable homes.

You May Also Enjoy

Breaking News

Popping the Asking Price Bubble

Where in the Uk Can Buyers Snap Up Property Bargains and Where Properties Go for a Premium Above Asking Price   New research from fast selling property company, Upstix has uncovered the UK’s most surprising postcodes for snapping up a property at bargain prices this year, highlighting a widening gap between sellers’ expectations and the…
Read More
Rightmove logo
Breaking News

Highest demand to lease office space since pre-pandemic

The latest insights from the UK’s number one commercial property website Rightmove, reveals that the number of unique enquiries to lease office space is at its highest point since pre-pandemic, as businesses look for spaces that meet modern requirements. Demand to lease office space is 19% higher than the same period a year ago and…
Read More
Planning disputes on new build land
Estate Agent Talk

Planning consultations for major infrastructure to be streamlined

Robert Bruce, a planning and infrastructure partner at law firm Freeths LLP, said he: “Welcomed the change as a significant step to speeding up the DCO process and the focus on the quality and effectiveness of the consultation, rather than box ticking and a risk averse approach to pre-application consultation due to the current legal…
Read More
Breaking News

‘The property ladder pulls further away’ warns Open Property Group

For many first-time buyers across England, the dream of homeownership continues to slip further out of reach. Despite rising wages, soaring house prices are making it harder than ever to get on the property ladder. A leading UK professional house buying company ‘Open Property Group’ based in Buckinghamshire UK, has raised concerns over the ongoing…
Read More
Estate Agent Talk

How Long It Takes to Buy a House in the UK: 5 Common Delays That Can Slow Down Your Home Purchase

Wondering how long it takes to buy a house in the UK? The average timeline ranges from 8 to 22 weeks, but even that can stretch significantly due to unexpected delays, especially if you’re a first-time buyer or caught in a chain. That’s why working with experienced professionals like Belvoir — one of the UK’s…
Read More
Love or Hate Rightmove
Breaking News

Rightmove to host Renters’ Rights Bill webinar with Guild of Lettings

Rightmove is hosting a live and interactive webinar session with the Guild of Lettings to help agents get Renters’ Rights Ready. The webinar will take place from 10:00am – 11:00am on Wednesday 23rd April. Susie Crolla, Managing Director for the Guild of Lettings, will be joining Rightmove to help agents with questions they may have about…
Read More