Estate agent shrugs off Brexit concerns with highest sales in 10 years

Tim Downing, director of Pygott & Crone.
Tim Downing, director of Pygott & Crone.

A leading estate agents says it has brushed off Brexit uncertainty with its best surge in house sales in a decade.

Pygott & Crone, which has offices in Wide Bargate, Boston, is enjoying the highest level of sales last seen 10 years ago.

The growth in sales flies in the face of fears that the new homes market would slow in the aftermath of the EU referendum vote.

Tim Downing, director at Pygott & Crone, said: “We opened a new homes office in 2008 due to the exceptionally busy market – which is continuing to perform extremely well.

“A dedicated new homes office is a first for the county’s property industry and we’re delighted with the success we’ve seen, particularly over the past few months.

“Working alongside local and regional builders, our new homes team commits to the entire new homes process – from planning, land and finance, to sales and advertising.

“Having sold almost £10 million worth of new homes over the last quarter, the strength of the market is extremely encouraging - despite the pessimistic predictions forecast before the Brexit vote and the changes in stamp duty that we expected to deter investors.

“Lincolnshire is in a privileged position to be underpopulated and underdeveloped – offering land and new homes for a comparatively affordable price than in the south of the country.

“This works to attract investors into the region, supporting the local economy.”

Pygott & Crone’s new homes office is led by sales negotiator, Jodie Goodridge.

She said: “The success we’ve had is very encouraging. To have reached a sales figure last seen 10 years ago is incredible and, having on average sold five new homes per week since January, it’s a record we’re hoping to build upon.

“The market is continuing to thrive and even Brexit concerns haven’t been enough to slow down the industry.”