Kent property experts' fears over impact of leaving single market and customs union

Only 10% of property and development professionals polled this week believe the prospect of the UK ending up outside the single market and customs union will be positive.

It comes after the audience at the launch of the Kent Property Market Report 2018 was quizzed on its future outlook.

The report was launched at Folkestone's Leas Cliff Hall.

Concerns over the impact of Brexit
Concerns over the impact of Brexit

When asked about Brexit and the impact of the UK ending up outside the single market and customs union, 32% felt it would a neutral effect, 24% negative, 24% quite negative and 10% positive.

More concerning was that 77% felt businesses were not prepared for that outcome, with just 7% saying they were.

However, there was a general belief that investment across was the county is set to increase over the next five years.

Of those at the event in Folkestone on Thursday, 69% believed relative investment in the county would increase over the next five years, with 20% believing it will stay at current levels, and 11% believing it will reduce.

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