To many investors Brexit represents uncertainty, swathes of unwelcome change and the closing of many doors to the European market. To others it represents opportunity – when one door closes, another opens.
If you’re in the property market as an investor it could be business as usual.
Unscathed and Undeterred
The UK property market is largely unscathed by the Brexit referendum. To be sure the growth has slowed, but it continues to grow. Pre-Brexit Britain’s property market grew by 10.9% in the 2 years pre-referendum, while post referendum Britain’s property market grew by 6.6% over 2 years.
Spreading The Wealth
London’s property prices are falling at their fastest rate in 10 years. This might have terrified investors all over the world in years gone by. Today it represents a spreading of investment across the UK. Regional cities (Birmingham among them) have continued to grow and increase property values in recent years, despite the overall theme of uncertainty in the market.
The property market in Britain is more certain than many other investment opportunities. That’s simply because there is still a shortage of property in Britain where 340,000 extra homes need to be built every year to keep up with demand – in England alone. The population continues to grow at 0.6% per year, meaning an extra 390,000 people in the UK each year. Added to this, 53% of investors are investing in a traditional asset in 2018 – it looks like the future is bright for the property market in Britain.
At Key Land Capital we have a wonderful network of high net worth individuals and established partnerships with regional developers across the Midlands. We would be interested to hear from you about any developmental plans or if you are looking to invest – whether it’s your first or one hundredth time. Contact us here.
Written by Kevin Patrick Sharkey, Birmingham
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