Bridging lender Market Financial Solutions (MFS) commissioned an independent survey among more than 500 UK property investors, all of whom own two or more investment properties. It found that when reflecting on the period since the EU referendum, almost two-thirds (64%) stated that Brexit has not impacted their property investment decisions.
In fact, 45% said they had bought at least one more property since 23rd June 2016, with only 7% stating they had sold one or more real estate assets as a direct result of Brexit.
The research also revealed that the majority of investors do not see Brexit affecting their long-term strategies. More than half (57%) of respondents say they will not change their property investment strategies following the Brexit deadline.
Although, there could be a surge in activity within the real estate market after Brexit formally takes place, with three in ten (29%) property investors lining up new purchases for once the deadline has passed. However, the current delay to the Brexit deadline could see this activity stalled.
Paresh Raja, CEO at MFS, commented on the findings: “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, (this) research demonstrates that appetite for real estate as an investment asset has remained strong.”