Foreign Investors are Investing in UK Property at Auctions Despite Brexit

Brexit has taken a toll on the UK property market significantly in 2017. However, property investment in UK does not seem to be losing its grip among foreign investors. Their interest in UK residential property is as strong as ever.

Now, the number of enquiries for buying a house at auctions is rapidly increasing from the Chinese investors. Pound, the British currency, is one of the leading causes of such an increase in demand.

Foreign investors have raised almost 44% more enquiries for investing in UK property than they did in 2016. Apart from Pound, the low value of Sterling is also responsible for this. This is particularly attracting investors from China. They find themselves in a position to purchase residential properties in UK at about 10% less cost.

This is a kind of good sign for UK property market as it will be able to generate more revenue easily for increasing its ROI. But property market is very much similar to share market. Therefore, it can swing in other direction anytime without any prior notice. Therefore, if you are also thinking about investing in UK property, you are advised to keep your eyes on the latest market happenings, political events and much more.