A new survey has found that just over half of property investors will not change their strategy to adapt to Brexit.
A survey conducted by Market Financial Solutions found that 57% of property investors say they won’t change their plans to accommodate Brexit. Another 45% say they have expanded their portfolio since the referendum.
Despite ongoing uncertainty ahead of the UK leaving the European Union 64% say their plans did not change after the referendum. Only 7% said they had sold property as a direct result of Brexit, but 29% were waiting until the UK has left to sell some properties.
Paresh Raja, CEO of Market Financial Solutions, said: “There is a sense of Brexit-fatigue setting in across most financial sectors. But importantly, while some predicted that this uncertainty would cause house prices to tumble and property investors to flee the market, today’s research demonstrates that appetite for real estate as an investment asset has remained strong.”
“It is positive to note that the majority of property investors have been actively seeking new opportunities regardless of Brexit, and such buoyant behaviour looks set to continue over the coming months. Although a degree of hesitancy at times like this is inevitable, the research underlines the long-term strength of bricks and mortar investment to weather such periods.”
The survey was completed by 5oo UK investors with two or more investment properties. The survey predicts more activity after the Brexit deadline but says that delays and extensions could stall this process.
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