Only one in four estate agents think Brexit would hit house prices
Most estate agents are confident that the demand for housing in Britain is so strong that Brexit would fail to dampen it.
New research out today shows that only one in four estate agents think demand would weaken in Britain votes to leave the EU in the June referendum.
In the survey from National Association of Estate Agents (NAEA), 24 per cent of respondents said that house prices would be hit if voters opt for Brexit.
Read more: Brexit wouldn't be that bad, says property boss
Estate agents have faith in the strength of the housing market, despite a recent report from NAEA saying that the average UK house price would fall by £2,300 if Britain left the EU, down to £303,000. The same report predicted that, if Britain doesn't sever ties with its European partners, the average UK home could cost £303,000 by 2018.
The news comes after it emerged that international investors are shunning the UK property market over the uncertainty surrounding the outcome of the referendum – the proportion of international buyers and sellers in London property fell in the first quarter of 2016.
Read more: Brexit threat doesn't explain economic woes
Mark Hayward, managing director of NAEA, said: "The upcoming EU referendum means we've entered a period of uncertainty, as buyers put off their hunt in anticipation of the result, and what might happen to prices as a result."