Brexit did harm the housing market, according to half of Brits Mortgage Finance Gazette

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A decade after the UK voted to leave the European Union, research from Together finds half of Britons (50%) believe Brexit has harmed the housing market.

While almost a third (28%) believe Brexit harmed a lot, a fifth (22%) believe it harmed a little.

Just a quarter (24%) of respondents think Brexit ultimately helped the UK housing market.

Almost one in 10 (9%) believe that it significantly improved the UK housing market – with 14% believing it only helped a little.

Those in Scotland (47%), North East (37%) and North West of England (33%) said Brexit harmed the UK housing market a lot.

Just 19% of Londoners and 11% of those in the West Midlands thought it helped boost the UK housing market.

Together director Scott Clay said: “Ten years after the Brexit vote, many consumers continue to associate the period with economic uncertainty, and that is often reflected in attitudes towards the housing market.

“While it’s difficult to isolate Brexit from other major events we’ve experienced over the past decade, including the pandemic, inflation surge and rapid increases in interest rates, and, more recently, tensions in Iran cooling buyer confidence – the reality for many households has been higher borrowing costs and greater affordability pressures over the past decade.”