Post Brexit: What the government can do to stimulate the housing economy after Brexit

July 31, 2019

If Brexit does go ahead at the end of October then there is little doubt that the housing market will be hugely impacted. The Estate & Letting Agents Association UK is asking Estate and Letting agents throughout the UK to contribute their opinions to its report for the UK government to advise on how both central and local government can stimulate the housing economy in the months and even years after Brexit.

‘The report will look at how not only central government can help stimulate the UK market post Brexit but will also look at how each local council can help both lessen the effects of Brexit and increase the housing market in their area.’ Says Michael Simms of ELAA-UK

‘We will be presenting a report to the Government but we will also be providing a number of reports to local councils and MP’s to inform them what they can do to stimulate their local housing market post Brexit.’ ELAA-UK says that the aim of these reports is to provide more detailed and specialised advice based on the requirements of each localised area of the UK as Simms explains: ‘we understand each area has different needs and what might be right for one area may not work as well for another area for example what stimulates the housing market in the South may not be the same for Yorkshire or Scotland so in addition to the reports on the UK housing market post Brexit we are asking local agents to provide us with their opinions of how they think their local housing market can protected from the effects of Brexit and what they believe local councils and MP’s can do to help the housing economy recover after Brexit in their specific areas.’

The report which is being compiled by The Estate & Letting Agents Association UK together with business consultants will include analysis of the UK housing market over the last four years and look at the future post Brexit, it will include detailed analysis of what effects Brexit may have on the UK housing economy as well as the effects that it could have in different parts of the UK.

The report will also provide advice on how Estate and Letting agents can protect themselves from these as well as advice to agents on how they can increase confidence both pre and post Brexit.

The association states that the report will again highlight to government bodies the importance of local agents and the role they play in both local communities and the housing market as a whole. It will inform the government that they should provide more advice and assistance to agents particularly during turbulent times as we may see in the near future.

The report will be submitted to the Government in September and ELAA-UK is asking all agents to provide them with their input and opinions by sending them to report.19712@elaa-uk.org by August 16th. The report will be available for ELAA-UK members to view via the member zone of the ELAA-UK website (www.ELAA-UK.org)

The ELAA-UK is also conducting a number of other reports and analysis for the housing market specifically for estate and letting agents, to find out more about The Estate & Letting Agents Association UK or to become an approved member of the association visit their website at www.elaa-uk.org

EAN Content

Content shared by this account is either news shared free by third parties or sponsored (paid for) content from third parties. Please be advised that links to third party websites are not endorsed by Estate Agent Networking - Please do your own research before committing to any third party business promoted on our website. As an Amazon Associate, I earn from qualifying purchases.

You May Also Enjoy

Estate Agent Talk

How to Make a New-Build Living Room Feel Less Like a Show Home

An empty new-build living room can be surprisingly difficult to furnish. The walls are freshly painted, the sockets are in place, and there is nothing to remove before decorating begins. Yet once the sofa arrives, the room can still feel unsettled: too bare in some places, awkwardly crowded in others. The answer rarely involves buying…
Read More →
Breaking News

Mortgage Borrowing Dip

Key points: Net borrowing of mortgage debt by individuals decreased to £3.9 billion in September, from £4.2 billion in August, below the previous 6-month average of £4.9 billion. Net mortgage approvals for house purchases decreased to 53,400 in September, below an average of around 58,800 over the previous 6-months. Approvals for remortgaging increased to 42,600…
Read More →
Breaking News

Autumn Budget 2026: Property industry reaction

Following today’s Autumn Budget, reaction from property industry experts on six key areas for the property market. First-time buyer support: The £4.7bn Your First Home equity loan scheme, supporting 70,000 buyers, alongside the introduction of a new First Time Buyer ISA. Inflation and borrowing costs: The extension of the fuel duty freeze, household energy support…
Read More →
Breaking News

Can you legally BAN Halloween Trick or Treaters?

People who dread the annual knock of trick-or-treaters may have more power to keep Halloween callers away than they realise. As millions of children prepare to take to the streets on October 31, a property law expert has explained what homeowners can do if they do not want strangers walking up their path or knocking…
Read More →
Estate Agent Talk

What the sector need to do differently to give first time buyers a chance

By Peter Hawley, Director, SOWN (part of LRG) The mortgage and property sector needs to stop assuming that younger buyers are either ready to buy outright or not ready at all. For many, the reality is somewhere in between. They may have stable employment, a deposit and a strong desire to own, but still find…
Read More →
Letting Agent Talk

The 50-property tipping point: when landlords need a different approach

By Adam Hills, Client Services Director, LRG Living Markets A sizeable residential property portfolio can create significant opportunities for long-term income and capital growth. But as it expands, so does the complexity of managing it effectively. For landlords with 50 or more properties, the challenge extends well beyond finding tenants or collecting rent to communication,…
Read More →