A recent study has shown that many property professionals in the UK remain unaffected by Brexit and the uncertainty that many people are feeling. In fact, almost 8 out of 10 investors have said that they intend to increase their UK property portfolio in 2019. This has to be good news, despite most of us wondering where Brexit will take us.
None of those who took part in the study said they planned to reduce their work with the UK’s property market.
Those who are planning to expand their portfolio are looking to buy property in the following parts of the UK:
- The South East of England
None of those who took part in the study said they planned to buy properties in London. This is likely to be due to the cost of homes in the capital city and a low growth rate of property prices in London. Many investors are thought to be uncertain about what market conditions they will face in 2019, while around one-third of investors believe that conditions won’t improve in 2019.