A QUARTER of people in Wales admit Brexit is affecting whether they decide to buy or sell a home.

Research commissioned by Principality Building Society (using the Beaufort Welsh Omnibus Survey) showed that interest rates, job security and the actual costs of houses themselves were the main reasons to affect people’s decisions.

Tom Denman, Chief Financial Officer at Principality Building Society, said, ‘It would seem the uncertainty around Brexit negotiations means homeowners are moving less and choosing longer fixed-rate mortgage deals in response.

‘UK Government policy has also had a big impact on the Buy-to-Let market, with landlords more circumspect. The political and economic uncertainty in Wales has seen sales down by 1.4 per cent compared with the same period in 2017.’