Brexit 2020 Will Slow Down the Work for Removal Companies in the UK

January 11, 2020
by Newswire
LONDON - January 11, 2020 - (Newswire.com)

The UK government is hoping to leave the European Union on 31 Jan 2020 as planned. Most of the businesses will be affected by the Brexit but sadly the housing market will slow down, which means less work for UK removal companies, especially in the slow season of winter.​

Here are a few of the reasons why there would be less work for removal companies

Buyers and sellers are nervous due to uncertainty and people are holding off. There will be fewer transactions, which means fewer people will be moving. ​As professionals predicted, there will be HGV congestion in Kent that will incur extra costs. This will directly affect the moving companies who specialize in European removals. Fuel prices might increase as the cost of petrol and diesel will be more that will leave less margin on jobs.

However, there is good news for people looking to buy a house in London and Southeast. The value of housing in London is decreasing compared to Scotland and Wales, where values have grown more than the national average.

So, we might see a little more work for the London removal companies compared to companies outside the Southeast area.

Research and insight director at Zoopla Richard Donnell said: The election result provides an element of certainty for households looking ahead to 2020, but the result changes very little in terms of housing market fundamentals.

Related Links House Removals in the UK International Moving Company Press Release Service by Newswire.com Original Source: Brexit 2020 Will Slow Down the Work for Removal Companies in the UK