Brexit could have a “noticeable negative impact in the short and medium term” according to a Liverpool estate and lettings agent.

Dan Pennington, director of Century 21 in the city, says he would choose for Britain to remain in the European Union when the referendum takes place on 23 June as it would “give us the certainty that we have the freedom to grow and develop our business and market without wondering how the UK’s new and highly-changed position in Europe and the world might affect us all”.

Speaking to Your Move ahead of the vote he adds: “While the ‘leave’ campaign might call it ‘scaremongering’ when you hear the bank of England governor talking about potential negative impacts – falling house prices, mortgage costs rising, growing unemployment, drops in sterling, and the rest –  you have to take notice.

“I have no doubt the housing and mortgage market in Liverpool, like the rest of the UK, would eventually recover should the UK vote for Brexit but it’s my view that the short and medium term uncertainty it will deliver could have a noticeable impact.”

For more expert insight on how the forthcoming decision on the EU could affect the property market in Merseyside, see our Hot Topic feature.

Related posts:

EU exit ‘could disrupt Liverpool property market’ Fears of Brexit impact on housing dismissed by Liverpool agent EU exit ‘poses risks for property market’ Calls for new standards for student accommodation Predicted house price rise is ‘welcome’ news for Liverpool market Liverpool sees strong first-time buyer sales in January