Brexit

Majority of brokers believe Brexit has delayed plans to tackle housing shortage



Nearly two-thirds of property finance brokers (63%) believe that plans to tackle the housing shortage have been delayed by the Brexit process, according to research.

The latest United Trust Bank (UTB) broker sentiment poll — which featured the opinions of 100 brokers — revealed that 16% felt that such plans had been set back by more than three years as a result of the UK leaving the EU.

Only 22% of respondents could name the current secretary of state for housing, communities and local government — James Brokenshire MP.

Over a third of brokers (36%) believed that the government had not done enough to communicate its housing strategy.

“As well as creating considerable uncertainty for housebuilders, businesses and individuals, many believe that the government’s efforts to navigate Brexit have caused it to divert attention away from some very important issues,” said Paul Turton, head of sales, property development at UTB.

“However, more progress may have been made in supporting the government’s challenging housing targets than you might think.”


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