New research has revealed one in five homeowners are more likely to move home due to the UK's decision to leave the European Union.

In a survey of 2,000 adults by home services marketplace Plentific, uncertainty in the housing market is continuing to impact the sector three months after the referendum.

A total of 22% of respondents said Brexit is affecting their likelihood of moving in the short term, while 10% of owners are more likely to move home in the next three years. Around 12% said they are now less likely to move.


In London, 26% of owners said they are more likely to sell their homes in the next three years while 11% are less likely.

The survey also revealed a 50% increase in homeowners who are likely to carry out home improvements, with 27% of Londoners stating they are looking to invest in their home. In addition, 21% of respondents in the North West are now more likely to attempt a home improvement project, including 19% of homeowners in the North East.

Cem Savas, Co-Founder of Plentific.com, said the research shows the public are still unsure over the UK's future post-Brexit.

"Despite the fear-mongering and confusion which has surrounded the topic, Plentific's statistics show that homeowners are now more relaxed about the idea of spending money on their property," he said.

"Interestingly, our research highlights the current nervous property market in London, with a quarter of Londoners ready to cash in and sell up."

(LM/MH)