How Has Brexit Affected The Property Market?
Investors are holding a positive long-term outlook for the UK property market, and are not letting the uncertainty surrounding Brexit affect their financial strategies. Moreover, the investor community is clearly confident in the future growth prospects of the UK economy.
Some reasons are outlined below:
- The UK has had on-going popularity as a destination for property investment since the EU referendum
- The Office for National Statistics revealed an annual rise of 4% in total investment in Q4 2017
- In April 2018 the average house price in the UK was £226,906 – a 3.9% increase on the previous year’s figures and a 6.6% rise since the EU referendum.
- Market Financial Solutions found that 53% of investors would rather invest in traditional asset classes such as property instead of newer asset classes and 63% of investors said they consider property to be a safe and secure asset in the current market.
Read the full article by Lawyer Monthly: www.lawyer-monthly.com/2018/06/how-has-brexit-affected-the-property-market/