UK regional property markets well positioned to handle ‘Brexit’
Investors and property buyers have been speculating on the how the impending triggering of article 50 and subsequent exiting of the EU, will affect the UK housing market. Latest reports suggest that UK Regional Property Markets Well positioned to handle Brexit We have seen the UK housing market remain relatively resilient in spite of the uncertainty. Uncertainty in any markets generally creates an interest by investors to switch to traditional safe haven assets; gold and property investments. The shortage of available property in the UK, should prevent any major price decline in the wake of ‘Brexit’. Reports have reiterated UK property as well-prepared to cope with the process of Brexit. In particular regional property markets outside of the capital; have been identified as best positioned to deal with the forthcoming ‘Brexit’, It is anticipated that the biggest impact will be felt in London. A report from M&G Real Estate, which is among the largest investors in UK property, indicates that the UK property market is in a strong position to cope with the uncertainties that surround Brexit. The report highlights the fact that the economy as a whole should prove sturdy in the face of the changes and challenges ahead. Furthermore, the weak pound which has fallen by around 25% against a basket of currencies, is going to continue international investors from the middle and far east.
Weak Pound Opens Opportunity For International Property Buyers
Furthermore, M&G RE, the weak pound, robust tenant demand and rising capital values to help keep the market resilient through whatever challenges Brexit might bring. The report does, predict that there will be some weakening of the market in central London. This prediction is shared by other market commentators. Analysis from Kames Capital says that the London commercial market is not going to experience a drastic collapse. However, it will feel the impact more so than other parts of the country in the short- to medium-term. Moreover, Kames says that there are currently “no signs of slowing” in regional markets. Rental values are rising, and properties owing to a shortage of supply, will continue to attract tenants for new leases. Property team director David Wise, predicts that returns “will not fall off a cliff,”. However, London was argueably due for a correction in the near future; even before the impact of Brexit had to be taken into account.
UK regional property markets well positioned to handle ‘Brexit’
Investors and property buyers have been speculating on the how the impending triggering of article 50 and subsequent exiting of the EU, will affect the UK housing market. Latest reports suggest that UK Regional Property Markets Well positioned to handle Brexit We have seen the UK housing market remain relatively resilient in spite of the uncertainty. Uncertainty in any markets generally creates an interest by investors to switch to traditional safe haven assets; gold and property investments. The shortage of available property in the UK, should prevent any major price decline in the wake of ‘Brexit’. Reports have reiterated UK property as well-prepared to cope with the process of Brexit. In particular regional property markets outside of the capital; have been identified as best positioned to deal with the forthcoming ‘Brexit’, It is anticipated that the biggest impact will be felt in London. A report from M&G Real Estate, which is among the largest investors in UK property, indicates that the UK property market is in a strong position to cope with the uncertainties that surround Brexit. The report highlights the fact that the economy as a whole should prove sturdy in the face of the changes and challenges ahead. Furthermore, the weak pound which has fallen by around 25% against a basket of currencies, is going to continue international investors from the middle and far east.
Weak Pound Opens Opportunity For International Property Buyers
Furthermore, M&G RE, the weak pound, robust tenant demand and rising capital values to help keep the market resilient through whatever challenges Brexit might bring. The report does, predict that there will be some weakening of the market in central London. This prediction is shared by other market commentators. Analysis from Kames Capital says that the London commercial market is not going to experience a drastic collapse. However, it will feel the impact more so than other parts of the country in the short- to medium-term. Moreover, Kames says that there are currently “no signs of slowing” in regional markets. Rental values are rising, and properties owing to a shortage of supply, will continue to attract tenants for new leases. Property team director David Wise, predicts that returns “will not fall off a cliff,”. However, London was argueably due for a correction in the near future; even before the impact of Brexit had to be taken into account.
Share This Story, Choose Your Platform!
Related Posts
House Price Growth Reaches 5 Year High
Stamp Duty Holiday Creates Surge From Overseas Investors
Stamp Duty Holiday
UK Housing Boom: £2,500 Jump in prices
UK Property Market Continues To Be Resilient