Welcome to Experience Invest blog. Experience Invest is a London-based property consultancy that focuses on sourcing and developing real estate opportunities across the UK’s top-performing asset classes. In today's blog, Experience Invest talks about the majority of property investors remain undeterred by Brexit.
There have been plenty of ‘doom and gloom’ predictions about the impact Brexit will have on UK property investment, with some foreseeing that investors will be reluctant to pursue new investment opportunities.
To see if this really was the case, we asked the sample of property investors about their real estate strategy. The research found:
- 39% of respondents said they intend to invest in more property this year while holding onto their existing assets.
- 35% do not intend to buy or sell properties this year.
- 15% will invest in more properties while selling one or more existing properties in their portfolio.
- 11% plan to sell some of the real estates they own and do not intend to reinvest into more property
The results reveal that the majority of investors will be considering real estate purchases. Over half (54%) plan to invest in property, with 39% preparing to do so while holding onto their current assets. This compares to a mere 11% of property investors who intend to downsize their portfolios.
Evidently, Brexit has not dampened investors’ desire to seize real estate opportunities when they present themselves. While a degree of hesitancy in the months either side of the Brexit deadline is unavoidable, this does not look set to derail people’s property buying plans in the
medium and long term.
The historical performance of real estate as an investment asset is likely a factor in underpinning the respondents’ confidence. According to the Office for National Statistics, over the past ten years average UK house prices have risen from £157,000 to approximately £220,000 – this defied the
difficult post-recession period as well as three general elections and the Brexit vote.
Experience Invest specialises in new-build, buy-to-let developments in locations with proven demand. Developments include high-end residential apartments and purpose-built student accommodation. Learn more about Experience Invest here. You can also take a look at the Experience Invest Liverpool portfolio here. Follow Experience Invest Instagram here.