Print this page

UK Property Market and Brexit: Will the Market be Affected?

Written by Posted On Monday, 08 October 2018 09:40

One of the most disappointing things about the housing market is future uncertainties. This is what UK property stakeholders including investors, landlords, tenants and letting agents, have in common. It goes without saying that markets, including property markets hate uncertainties.

23rd June 2018 was the day UK officially left the European Union. The impact of this decision was felt immediately in many sects of different industries including the property market industry. Even so, one question beckons, will Brexit affect the UK property market in the longtime? The answer to this question is quite difficult, but it all boils down to some critical fundamental factors. Even so, it’s very difficult to believe that Brexit will severely affect UK property market.

For example, UK, has one of the best educational systems globally. This attracts more and more students from across the world. The city of Manchester for example has more than 100,000 students with almost one quarter of the population from other countries. This means increase in the number of rentals in UK, which is a good thing for the property market.

The legal Process in UK is highly respected across the globe. In order to have a strong economy, you should have an air tight legal system that is transparent. This won’t be affected by Brexit at all because legal transparency has been cultivated as part of UK’s tradition. With this intact, there won’t be any reason barring international investors from buying properties in UK because they are assured of title security.

London plays a crucial role in the world’s economy. It’s an important financial hub and is referred by many businessmen as the financial service of the world. This is not about to change due to Brexit. Apart from London straddling time zones in both east and west, it’s important to take note that the main business language globally is English.


Furthermore, London has the highest compliance and regulatory standards in the world. No wonder giant companies like Facebook and Google are increasing their presence in London in 2018. With such assurances in place, not even Brexit could bar both foreign and local investors from indulging in the UK property market.

One of the things expected to happen in 2018 post Brexit is increase in interest rates and stern lending regulations. More people are expected to take advantage of these factors and buy homes rather than renting. Additionally, constant shortage in housing property in UK is not about to be solved due to constant increase in the number of people living in the UK.

With such facts in mind, investors are expected to take advantage of the shortage and build more houses in the UK. Historically, properties in the UK have always appreciated. Its therefore a sound decision for investors to invest in either investment or living properties. Brexit has no impact on this at all.

Rate this item
(0 votes)
mark tee

Latest from mark tee

Joomla! Debug Console

Session

Profile Information

Memory Usage

Database Queries