Interested to know about the impact Brexit will leave on the
buy to let London properties?
Well, here is some useful information that can possibly help you.
In late 2019, few surveys took place in the
London property market. According to those surveys, the outcomes were enlightening and revealing that real estate UK investors who were looking for traditional tangible assets over the new asset classes.
Some of them also stated that they will be more interested in more of
real estate investing in the coming year. Apart from the
real estate investing, 64% do not consider crypto-currencies to be a reliable investment.
Is UK Really Rejecting New Property Building Process?
Earlier 2020 has already proved that the coming 12 months are not going to be any sort of eventful. It is basically difficult to predict how Brexit and low interest will affect the financial markets while astute observations can be made based on the current political and economic climate of
real estate UK.
Of course, investors are looking for
real estate investing market stability. The conservative party’s election manifesto is a good place to start.
It is because on December 2019, Boris Johnson’s party campaigned basically on two important things including Brexit confirmation and increasing investment into public sectors.
Based on that campaign made promises, it is too early to predict whether both of those promises will be fulfilled or not and what impact Brexit will have on property value.
The victory of Boris Johnson was music to ears of those who wanted Brexit to done and dusted, but the uncertainty is not over yet. Apart from that, buy to let
London property owners are concerned about the plans government will have on the private rented sectors to be more specific.
The entire thing is causing landlords’ confidence to fall to an all-time low and the government must take urgent actions delivering pre-election promises they made.
In short, a statement can be made that it is very much likely for the landlords with established and well-capitalized portfolios will fare reasonably well.
However, people with heavily reliant on finance are likely to find uncertainty and more troubling conditions.
