What Brexit does for property
A majority of UK property investors have put their investment plans on hold over the past six months due to uncertainty over Brexit. And over half are monitoring properties they’d like to acquire while keeping an eye on fluctuating prices as the latest Brexit deadline approaches, according to a survey conducted by Experience Invest.
More than one-third of respondents say they have taken listed properties off the market because of the slowdown in activity.
And more than 50% of property investors have no faith that prime minister Boris Johnson will make any kind of success out of Brexit.
However, over half of those surveyed believe there will be a surge in activity in the property market after 31 October as investors act on their investment intentions.