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UK Property Prices Forecast To Rise In Spite Of Brexit

    Home UK Property Market News UK Property Prices Forecast To Rise In Spite Of Brexit
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    UK Property Prices Forecast To Rise In Spite Of Brexit

    By Harvey Raybould | UK Property Market News | 0 comment | 12 April, 2017 | 0

    Brexit UK house pricesYou will have no doubt seen a lot about Brexit and Article 50 lately in the media. Most of this “news” paints a dark picture for the future of the United Kingdom. The pound will tumble against the dollar even further, the stock markets will become volatile, and there will be a skilled labour shortage in the country if some EU nationals have to leave and so on.

    There have been some reports that property prices could suffer, but there has never been anything substantial to back this up. In other reports it is claimed that foreign investments in UK property will increase due to the weakening pound and this will drive the price of property up. It can be tough to know what to believe.

    Brexit Impact On Financial Markets Does Not Correlate To House Prices

    The triggering of Article 50 having a negative impact on the financial markets over future years could certainly be true. But there is a low correlation between house prices and the performance of the stock market. Steep rises and falls in the financial markets should have no adverse effect on the price of UK property.

    Properties Still Very Much In Demand

    There is still a fundamental shortage of property in the United Kingdom and this looks like it will continue to be the case for several years. This means that the demand will remain high for property purchases and rentals.

    HouseSimple.com are an online estate agent and their CEO, Alex Gosling, said recently “the UK market seems to be Brexit proof”. He explained that the UK property market had withstood the economic turmoil that has surrounded the vote to leave the European Union.

    People are taking more time before they commit to a property purchase while the Brexit negotiations are ongoing, but with the triggering of Article 50 it is likely that purchasing reservations could ease. In fact some experts predict that the growth in house prices for 2017 will surpass expectations.

    New CEBR Report Forecasts Further Growth In UK House Prices

    The Centre for Economics and Business Research (CEBR) has published a new report which has forecast that the average price for a UK property will see an increase of £52,000 by the year 2021. Against current UK property values this represents a rise of 23.6%.

    What Does This All Mean For You?

    It means that the opportunities for property investment in the UK are still alive and well and very much on the up. Other forms of investment are not looking so positive such as equities and other financial market products.

    The main aim of this post is to dispel any uncertainties that you might have about venturing into UK property investment due to Brexit. Yes some things will change after Britain leaves the EU, but the demand for property and the rise in house prices are two things that you should be able to predict with a high degree of certainty.

    What Do You Do Now?

    Well you have two choices really. You can attempt to go it alone in property investment and hope that things go your way and you will find a suitable property and make a profit. This is certainly a lot of hard work and tougher than many think.

    Or you can partner with an experienced property investment company and let them use their knowledge of the market and their very capable team do all of the work for you. At CPI we have a very limited number of “hands off” property investment opportunities available. Contact us to learn more.

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