Brexit could cause property investment to surge
UK property investors are becoming more cautious whether to invest due to uncertainties around Brexit. But a new survey has suggested that when we do leave the European Union property investment will increase.
According to the new survey commissioned by Experience Invest 55% have paused their plans to invest over the past six as they wait to see the result of Brexit. 37% have taken properties off the market as a result of a slowdown in market activity, whilst 59% are holding back until the 2019 Autumn Budget announcement before making an investment. 51% of participants think there will be a rush of activity in the market after 31 October.
Property investors believe that the market will remain strong even with the uncertainty of Brexit, with only 31% of investors believing that leaving the EU will reduce the value of their properties.
Business development and acquisitions director at Experience Invest Jerald Solis has said “There has been a great deal of speculation about how Brexit will impact the UK’s property market. Since the referendum, however, while some parts of the market have slowed or dipped slightly, prices on the whole have held firm or, in many regions, risen steadily”.
How can we help
If you are a property investor or looking to invest in property and are looking for expert tax or accountancy advice, Hawsons has a dedicated team of property and construction accountants at our offices in Sheffield, Doncaster, and Northampton. Having an accountant who understands the challenges of this dynamic sector and is able to help you plan for the future is an advantage in a competitive environment.
If you would like to book your first free Initial meeting with us click here.
If you would like to see more information about our specialist property and construction accountants click here.
More from our property experts
You can find all of our latest property and construction sector news here.
If you are looking for advice in a particular area, please get in touch with your usual Hawsons contact.
Alternatively, we offer all new clients a free initial meeting to have a discussion about their own personal circumstances – find out more or book your free initial meeting here. We have offices in Sheffield, Doncaster and Northampton.
Free initial meeting
Tax Partner, Sheffield
0114 266 7141