Foreign Investors Not Concerned by Brexit - Nova
downArrow

New research suggests that property investors from around the globe are continuing to invest in the UK despite Brexit looming.

In fact, 85% are currently investing in UK property, and a quarter of those say they are doing so because of Brexit.

The research is part of a global survey for property developer Seven Capital.

55% of responders live in the UK, 17% in Hong Kong, 17% in Dubai, and 11% in South Africa.

30% of the responders from the UK are currently investing in property, all of them in the UK, 23% doing so because of Brexit.

55% of responders are very optimistic about the next 18 months of UK property, and more responders are positive about 3-5 year mark.

Andy Foote, director of Seven Capital says, “These figures demonstrate that people generally recognise that there are bigger factors to consider over Brexit when it comes to the overall trends in the UK property market. Realistically, it’s the fear and the perception of Brexit that will have any effect, rather than the physical act of leaving the European Union,’ said Foote.
“Ultimately, if the market were to take a dip after Brexit, seasoned investors will know that this would more likely be a catalyst for the inevitable swing back. The property market is a prime example of well-known cyclical patterns, growing through recovery and emerging stronger than previous peaks. In other words, if it takes a dip, as it did 10 years ago, it will recover and come back stronger,” he explained.
He pointed out that other factors are at play such as a chronic undersupply which means there is an ever growing demand for homes in the UK, both rented and owned, and that is not something that is going to change with Brexit.
Also, property isn’t seen as a quick purchase or investment. “If you’re looking to buy a home, the chances are you’re not going to be thinking about selling up again in less than five to 10 years’ time, and if you’re a property investor, you’re likely to be looking for long term gains from it. Either way and dip or no dip, the price of your property, providing you did your research properly before buying, is likely to appreciate in the long run.”

Nova News

Demand for Commercial Properties in Manchester Drive Up Property Prices in the City
Demand for Commercial Properties in Manchester Drive Up Property Prices in the City
by Saeid Ansari
read more
Leading the Way for New Build Property
Leading the Way for New Build Property
by Joseph Hegarty
read more
Green Housing To Become the Norm in the UK
Green Housing To Become the Norm in the UK
by Chris Downe
read more
High Returns on Investments from Property, Despite Brexit Uncertainties
High Returns on Investments from Property, Despite Brexit Uncertainties
by Saeid Ansari
read more
The UK’s Growing Cities
The UK’s Growing Cities
by Kaz Topham
read more
Want to be the first to know what’s going on in the world of property investment? Subscribe to our newsletter below.
The property pension plan book icon

Take Control Of Your Future With Buy To Let Investment, get The Property Pension Plan for Free!

Find Out More
Get in Touch

Book a complimentary property and/or finance consultation

back-to-top