60% of Property Professionals Believe We Should Stay In the EU

60% of Property Professionals Believe We Should Stay In the EU

LandlordNews.co.uk have conducted some research on how landlords and property professionals are feeling about today’s EU referendum.

They found that the majority of property professionals believe that Britain should remain in the EU.

Landlords, letting agents, mortgage brokers, property experts and landlord insurance specialists all took part in the Landlord News poll at this week’s Landlord Investment Show in London.

A clear winner emerged by the end of the event; over 61% of property professionals claimed that a vote to stay in the EU would be better for the country and the private rental sector, while almost 39% believe that leaving the EU will be the best option for their businesses.

Today the country will come out to vote in the UK’s first vote on Europe since 1975. Voters will be asked whether we should remain in the EU or leave.

Many recent reports have made suggestions on the potential outcome of the vote. The latest, from property portal Zoopla, claims that house prices will drop by 20% if we vote to leave.

Despite political uncertainty previously having an adverse effect on the property market, house prices appear unaffected by the forthcoming Brexit vote.

However, mortgage lending has fallen to a 12-month low ahead of the referendum, as buyers await the outcome.

Tenant eviction specialist Paul Shamplina, of Landlord Action, has witnessed a slowdown in the number of buy-to-let landlords purchasing properties.

“The property market doesn’t like uncertainty,” he explains. “If a landlord is looking to purchase, then watching and waiting makes sense.”

However, he understands that many landlords may not be in a position to buy after the referendum is decided, as a large number rushed to invest in the sector ahead of the introduction of the 3% Stamp Duty surcharge on 1st April.

Shamplina adds that the influx of landlords investing further into the private rental sector could bring “a lot more property onto the market, which may bring rents down”.

Whether house prices or rents will come down if we leave, “only time will tell”, concludes Paul. But one thing’s for sure, the majority of property professionals believe we should stay in!

Paul Routledge, CEO of Tenant Referencing UK at LandlordReferencing.co.uk and veteran landlord, said:

“Should we stay or should we go? That is the question and I ask this,  who really knows?

The answer to me is clear, I am making my mind up!! And my thoughts are as follows. Would you stay at a party when you are clearly not liked? (which in my case can be quite often) I guess the answer will be “NO”. But how do we know if we are liked in Europe? Well, there is a very clear way to see how much our fellow Europeans like us and that is by the way they have voted for us over the years. 

What vote will we get a clear indication of what they really think of us I hear you say, That’s easy the real vote as to what our fellow Europeans think of us is determined every year by …………..


Anyway, apart from the UK being one of the richest in the EU and the poorer EU countries all wanting us to support their citizens by every Marta, Darius, and Tomas working here and sending back 10 times the wages they get at home for unskilled labour or free money in benefits to support their families.   I have not heard one positive voice telling me Paul, the 58 year bled to death tax paying busy fool what I will really get by voting to stay in.

The truth to me is in the evidence I have seen in my lifetime and that is by the way that Europe has voted for us over the years and I say the proof of the pudding is in the eating suckers,  Yep that’s right if you want to know how popular we really are in Europe then let those words ring out that we hear year on year “Nil Poi”…”

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