A QUARTER of homeowners say Brexit and the recent General Election have affected their decision to sell their property in the next year, research shows.

Of the 24 per cent who say their next move is influenced by recent political unrest, eight per cent are more likely to move within the next year, while 16 per cent are less likely, according to home services website Plentific.

Focusing on homeowners by location, Londoners topped the table, with 32 per cent saying they are more likely to sell their property in the next year, and 23 per cent saying the opposite.

In Birmingham, 20 per cent of homeowners say they are less likely to sell up within the year. This also true of 25 per cent in Cardiff and 23 per cent in Glasgow.

Based on age, young homeowners seemed split in their opinions, with 25 per cent saying they’re more likely to move in the next 12 months, and 19 per cent more likely to stay put. These figures could suggest that young people take into account the effect of current events and the impact they have on housing very seriously.

Stephen Jury, spokesperson for Plentific said: “Last year, the Brexit vote sent shockwaves across the nation. One year on, the recent General Election and the resulting hung parliament, as well as ongoing Brexit negotiations, have had a similar effect.

“These political events have all had a huge impact on homeowners looking to either sell or renovate their property.

“There have been some interesting changes in demand over the last year, which indicate that the current state of the housing market has made homeowners more wary, especially the younger generation.”

When it comes to home improvements, the statistics show that there has been a huge increase in demand as a result of recent political events. In London, 39 per cent of homeowners say they are now more likely to spend money renovating their current property as a result. This is a marked increase from last year, when just 22 per cent of homeowners said that their decision would be affected by Brexit.