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First time buyers holding back because of Brexit, study suggests

Just over half of aspiring first time house buyers are holding off because of uncertainty over Brexit, according to a new survey
Just over half of aspiring first time house buyers are holding off because of uncertainty over Brexit, according to a new survey Just over half of aspiring first time house buyers are holding off because of uncertainty over Brexit, according to a new survey

JUST over half of aspiring first time house buyers are holding off because of uncertainty over Brexit, a new study suggests.

Research for financial services provider OneFamily indicated that a similar number believed property prices will fall after the UK leaves the EU at the end of March.

A survey of 1,100 adults currently saving to buy their first home found that only one in five will buy a property before March 29.

One in five currently saving to buy a house said they would be able to go ahead if prices fell by 5 per cent.

Nici Audhlam-Gardiner, of OneFamily, said: "At times of uncertainty it's always hard to know what to do - do you wait and see, or carry on regardless?

"For many, market fluctuations as a result of Brexit could give them a golden opportunity to get on the housing ladder."