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UK Property Portfolio Investors remain confident

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
  • Wales
  • Midlands

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.

Structural Defects Insurance

A Challenging Year

2018 was quite a challenging year for those investing in the UK. Brexit negotiations continued to cause caution and buy-to-let tax changes resulted in finances being squeezed for landlords. In 2018, the biggest challenge for those who were investing in property was thought to be affordability.

The study showed that the ability to access funding and government legislation had also proven to be quite challenging.

Buying Properties

In 2018, almost half of those who participated in the study said they had bought residential properties as an investment, and less than half had purchased commercial properties. When surveyed, a fifth of those who had participated said they purchased overseas properties.

There has been a reduction in high-value purchases. This was evident when HMRC’s data showed that stamp duty receipts had fallen by as much as £1 billion in 2018.

Pushed from the Capital

It’s clear to see that higher priced properties and stamp duty have pushed many investors out of the capital city, even though more rental properties are needed there. The uncertainty surrounding Brexit continues, specifically what the negotiations will bring. While many property investors are uncertain as to what challenges they face, it’s been revealed that they will keep investing in the UK property market in 2019.

Specialists in Construction Insurance


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