5 Events That Took UK’s Property Investment Market By Storm in 2017

Britain’s decision to vote for bidding adieu to The European Union took the buy-to-let property market by storm in 2017. There was a lot of chaos among all home buyers and sellers. They didn’t know what to do? They decided to quit the deal under-process for taking care of their financial interests. On the other hand, many investors grabbed this chaos as a perfect property investment opportunity as property prices fell significantly. They invested and earned huge profit.  

Now the time has changed! A lot has changed in UK’s property investment market. But Brexit has always been an integral part of every discussion among all investors, sellers and market experts. It shows its impact on Pound’s global value also. However, experienced property investment agents in London and other parts of UK managed to deal with it and made profit from their investments.

What Now Then?

According to yesterday’s The Guardian Report, European Union is making strategy to collapse discussion about Britain’s departure, stated Michel Barnier, The European Union’s Chief Brexit Negotiator. This is definitely likely to affect the property investment market in UK in a whole new way. Therefore, property investment agents in London are now suggesting investors to plan their investments accordingly and in advance.

Coming to the point, in addition to Brexit, a number of more factors affected buyers and sellers in UK. For Example:

·     Mr. David Cameron’s, The Then English Prime Minister, resignation brought Pound to its all-time lowest financial value in international market. This fall in the financial value of Pound directly affected UK’s property sector.

·     3% Stamp Duty Hike on investors on purchasing second residential investment propertiesfor sale. This increased their paperwork as well second home investment costs. They had to take some tough calls to safeguard their financial interests and started searching other affordable ways to invest in property.

·        Foreign Investors also started looking for affordable places for investment out of UK.

·        Significant shortage of residential unit supply and increase in demand also showed its impact.

·    The Bank of England introduced new mortgage rules for landlords to take mortgage to invest in property investment opportunities at auctions. This initiative taken by The Bank of England is allowing only eligible landlords/buyers to take out mortgage.

This list is not limited to the events mentioned above. Now both investors and sellers need to think about a number of more things. For example:

·        5% increase in house price growth. This is likely to go up in the time to come.

·   Multiple ways of dealing with effects of European Union’s possibility of successful collapse of discussion about Brexit.

·         A strategy to earn money from your investments if house prices fall.

All experienced property investment agents in London advise both buyers and sellers to take all these factors into consideration while devising an investment strategy that boosts their income.

Final Words:

If you really want to know the ways of turning your property investment into profit generating machine, we have a group of experienced property investment agents in London. Call them right now and they will provide you the best possible solutions for your investment needs.