This research, which polled more than 500 UK property investors, takes a look at just how Brexit is impacting their long-term investment strategies. It found that since the EU referendum in June 2016, 64% of investors have not let Brexit impact their property investment decisions. 45% of investors have expanded their property portfolio since the EU referendum and only 7% have sold one or more homes as a direct result of Brexit.
According to the findings, 57% do not envisage their property investment strategy changing following the Brexit deadline (29th March 2019). There might be a spike in property investment in new properties immediately following the Brexit deadline.
The 2016 EU referendum signified the beginning of a new era in UK politics. It also triggered many predictions of the demise of the country’s property market.
However, despite the uncertainty caused by the on-going Brexit talks, the majority of property investors have carried on with their financial strategies unperturbed, new research from Market Finance Solutions revealed.
The bridging lender commissioned an independent survey, among more than 500 UK property investors, all of whom own two or more investment properties. It found that when reflecting on the period since the EU referendum, almost two-thirds (64%) stated the Brexit has not impacted their property investment decisions.
In fact, 45% said they had bought at least one more property since 23rd January 2016, with only 7% stating they had sold one or more real estate assets as a direct result of Brexit. The research also revealed that the majority of investors do not see Brexit affecting their long-term strategies. More than half (57%) of respondents say they will not change their property investment strategies following the Brexit deadline.
Although, there could be a surge in activity with the real estate market after Brexit formally takes place, with three in ten (29%) property investors lining up new purchases for once the deadline has passed. The potential delay to the Brexit deadline could see this activity stalled.