Britain’s self-builders and home renovators remain unfazed by Brexit, according to a new survey.
While business leaders across the UK are putting off major decisions until the Brexit deal is decided, a survey by Homebuilding & Renovating Shows found that 86% of respondents were continuing with their projects.
A further 78% of respondents said that there would be no change in amount of money they spend on a project, and there was no indication that homeowners had changed their minds on product choice or scale of project.
The majority of survey respondents stated that they remained determined to continue with their projects, which included self-build, custom build, first time conversions, single and two-storey extensions, remodelling rooms and layouts, and new kitchens.
Almost 75% of respondents said they expected house prices to stay the same or increase, with one in 20 saying that Brexit had inspired them to spend more on their upcoming project.
Approximately 2,400 people were surveyed at the recent London Homebuilding & Renovating Show at ExCeL, an exhibition with expert speakers, new products and self-building advice.
Jason Orme, property expert for The Homebuilding & Renovating Show, said: “Self-builders and home renovators are stoic by their nature, spending £10,000s and even £100,000s creating their dream homes, often for the first time.
“The economic and socio-political outlook is impossible to control or predict, but life for those looking to take control of their living spaces carries on regardless.
We will always need to build and renovate our homes, as existing stock deteriorates and our needs change. People are not going to pass on that once-in-a-lifetime dream building plot because of a political issue the outcome of which they cannot predict.”