A panel of industry experts has agreed that the outlook for property investment in the UK remains positive, despite the uncertainty around continued Brexit negotiations. Although there’s much uncertainty, the ambiguity has not dampened the spirits of prospective homebuyers and property investors.
Historically, real estate has proven itself to be a safe and secure asset by offering stable, long-term returns. As a result, demand for property remains high. Recent figures revealed that the average house prise in the UK rose by 3% in the 12 months to June 2018 and this positive trend has been met with enthusiasm from landlords and expats alike, with new research saying that more than half feel positive about the current state of the market.
This attitude is inspiring confidence throughout the expat sector and signifies a positive outlook for the future of the property market over the coming year, particularly in light of the fast approaching Brexit deadline.
So, despite wider market uncertainty, the returns available from owning, investing in and developing the right type of real estate continue to be favourable versus other asset classes, something that is expected to continue moving forward. This is for a number of reasons including: the supply/demand imbalance (not enough houses being built), the continued availability of cheap credit and a healthy economy. Never forget the fact that the UK remains a great place to do business.
All this has led to even more product innovation expats and landlords as lenders compete in this increasingly popular market.
If you are looking for an expat mortgage please do make contact, we have a team of experts waiting to help.