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”.
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