Brexit hailed as creating the perfect opportunity for UK property investment
Brexit’s forecasted impact on the property market in Britain hasn’t been too favourable with many predicting a slowdown of the industry as our exit from the EU looms.
However, the true impact of Brexit on the property market remains ambiguous and largely speculative, with some regarding Britain’s departure from the European Union as creating the perfect opportunity for property investment.
One such thinker is NuWire Investor, a source for news, trends and opportunities in the alternative investment marketplace.
According to NuWire Investor, by focusing on yields rather than capital appreciation and by making realistic offers so investors can acquire property at the lowest price but without risking losing a good property by making insulting offers, Brexit:
“May prove to be a great opportunity for astute property investors who are prepared (financially and emotionally) to ride out the turbulence Brexit is forecast to bring.”
Sharing the sentiment that Brexit may prove to have a positive impact on property investment in the UK is a recent poll, which suggests Britain is now the top hotspot for UK and overseas property investors.
The poll reveals that 23% of UK property investors say Brexit is their reason for investing and over half of investors expect the market to remain ‘good to very strong’ over the next 18 months.
85% of the 450 high net worth investors based in the UK, South Africa, Dubai and Hong Kong that took part in the survey, indicated they were still interested in the asset class and looking for new investment opportunities in Britain.
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