Nearly a quarter of UK investors identified Brexit as a positive factor in their decision
Britain remains a key property investment target for property investors both at home and abroad, according to the results of a new poll.
Conducted by Censuswide on behalf of property developer Seven Capital, the research found that four out of five prospective investors are still keen to consider residential and commercial property investments in the UK.
Surveying 450 property investors located in Hong Kong, Dubai, South Africa, and the UK, the research found that investors have a predominantly favourable outlook for the property market ahead of the UK’s departure from the European Union.
55% of the overseas investors questioned by the survey said they believed that the UK property market could be characterised as ‘good to very strong’ within the next 18 months. When considering the trajectory of the market in the next three to five years, this figure rises to 64%.
Alongside the positive sentiment felt by international investors, the survey also revealed that 23% of UK investors have found that Brexit has been a positive influence on their decision to seek out property investments in Britain in the year ahead.
‘These figures demonstrate that people generally recognise that there are bigger factors to consider over Brexit when it comes to overall trends in the UK property market,’ said Andy Foote, director at Seven Capital.
‘Ultimately, if the market were to take a dip after Brexit, seasoned investors will know that this would more likely be a catalyst for the inevitable swing back,’ he concluded.
Often targeting larger cities, investors saw the average property value in the UK’s 20 biggest cities rise by 2.9%, according to online property portal Zoopla.