FEARS over the housing market in the UK post-Brexit are misplaced, according to property experts in Malmesbury.

Economic uncertainty has hung over the Britain since it voted to leave the EU, however Malmesbury-based developers and estate agents are remaining confident of the future.

Directors of Blount & Maslin Estate Agents and Persimmon Homes insist homeowners need not fear a collapse in the housing market following Brexit.

Keith Maslin, of Blount & Maslin Estate Agents, said they have seen “more activity” in the market since the referendum.

“Having worked in the lovely of town of Malmesbury since 1987, I’ve obviously seen a few highs and lows during that time,” he said.

“While it’s fair to say there was a lull in activity prior to the referendum, not everybody was sitting on the fence.

“There is always a market, the main issue is whether sellers will accept where the market price is at that time. This naturally depends on their individual circumstances and desire to sell.

“Post-referendum we have definitely seen more activity and we have taken great encouragement from the increase in enquiries.”

The Standard reported earlier this year that house prices in Malmesbury have risen by 5.55 per cent compared to the national average of 0.45 per cent, while flat prices have increased by 5.43 per cent compared to a drop of 2.35 per cent nationally.

“Malmesbury and its surrounding villages are still a great place to live,” continued Keith.

“We still have an amazing school turning out fantastic results and we are still midway between Swindon and Bristol, two of the country’s major employment centres.

“We also have Mr Dyson on our doorstep, who is expanding his headquarters and developing ground breaking products right under our noses.

“At the end of the day, none of us really know what is going to happen in the future. Please tell me a time when we did, as I must have missed it.”

Despite a period of uncertainty leading up to the EU Referendum, Persimmon Homes, one of the biggest housebuilders in the county, has taken a “good” level of sales through May and June with private sales being ahead of last year.

They insist demand for new houses remains strong.

Richard Briggs, managing director for Persimmon Homes Wessex, said it remains too soon to judge the effect that the result of the EU Referendum will have on the housing market.

“Negotiating an exit from the European Union could be a long and complex process and it is difficult today to predict how and over what timetable this process will evolve,” he said.

“Against this background, Persimmon has a strong balance sheet and a clear strategy, and we remain focused on building the new homes around the country that Britain needs.”