Property firm says no sign of EU vote disaster on the way

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Despite ongoing market jitters, a Yorkshire property group has reported no slowdown in sales and enquiries two weeks after the UK’s shock referendum result.

Leeds-based Prospect Property Group said it has experienced no material impact from Britain’s impending withdrawal from the EU.

Chairman Warren Hill said: “The fact is that we are seeing unchanged levels of demand on the serviced office centres, our growth path for that business is unchanged and the enquiries in Leeds are at record levels.

“We have seen an increase in reservations taken on our new office development at Robin Hood Airport and our latest development of homes in Hunsingore, North Yorkshire, has seen record levels of interest and reservations, even since the vote.

“It’s not translating into the market conditions the headlines seem to be suggesting, and from talking to people in other property businesses, we’re not alone.”

He said it is possible that London and the South East will see a cooling off, in residential in particular, but arguably that was on the cards anyway.

“There is a chance Brexit could help level the playing field a little, and lessen the north-south divide. The uncertainty isn’t welcome, but it is important that businesses report the real impact at the coal face of the economy.

It’s business as usual and there are already businesses taking advantage of the shifting conditions to ensure they mitigate the impact of the next steps of the exit,” he said.

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