Due to the adverse impacts of the Brexit, property value growth declines and domestic property investors show a variable interest to switch to yield based assets.
House prices are set to rise at a slower pace than noticed in the previous years, as the UK still lacks housing stock.
Local investors take advantage of the strong capital gains over the years and it’s the prime of the reason that forms the bases of the decision to invest in properties in some areas with a lower rate of yields but high in capital growth.
Due to change in recent market acts, local investors change course to investing for yield.
Post Brexit, the demand for rental property and levels of supply remain stable as investors prefer to opt on rents instead of applying for mortgage schemes.
According to Nick Leeming, Chairman of Jackson – Stops & Staff states that, “Despite the upheavals following the Brexit decision, the level of demand vs supply has remained broadly static UK – wide, showing that in the short term buyers and sellers are still being driven by the normal catalysts for entering the property market.”