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Monday, 11 July 2016

Brexit Hits British Buy-to-Let Property Hard and Causes £650m loss


The dawn of 23rd June 2016 brought a historical day in the history of Britain. Almost 51.9% of British nationals voted in favor of Brexit. Most of the global buy-to-let investor were shocked at this decision of the bruisers. According to the buy2let shop expert reviews, this news proved to be a setback for the entire British property market however because of this situation there are opportunities to be had, for those who know where to look. In reality the situation has resulted in a significant reduction of profitable investment properties forsale in UK. Most importantly, almost every large commercial real-estate agreements are expected to come across dramatic financial falls of up to £650m.  This is merely icing on the cake as a number of buy-to-let property investors and buyers have faced the music immediately after Brexit. Most of the sellers are pulling themselves out of the deals to escape its worst effects. In addition, small deals have also been called off. All this has resulted in less availability of property Investment Opportunities in the UK and particularly in London. 

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