How Will Brexit Affect The UK Property Market?
The latest reports by RICS claim Brexit is challenging growth in the UK Property Market. Despite the uncertainty created by Brexit, London prime properties have been attracting buyers from overseas, mostly from the Middle East and Asia. The expectations of a drop in price amidst no deal seem to be a little too much. The UK Property Market has been resilient amidst geopolitical tensions, interest rate slash and political uncertainties and a general slowdown in a global economy that has been affecting all the markets and Property for sale Manchester . The decline in sales can be linked to the 2008 crash, where the prices picked up in the initial years and have flattened in last years’. Overseas buying The market witnessed a boost in transactions post-Brexit deadline as many new overseas funds were seeking opportunities in the UK before Exit like Malaysia’s state-run Employees Provident Fund that invested $150m in British retailer Sports Direct International’s logistics facilit...