Business Post – Property Plus | 24 January 2021

An Appealing Vista: What a post-Brexit property investment market could look like

While new obstacles to trade are sure to emerge, Britain’s openness to real estate investors is unlikely to alter. If anything, it will solicit greater investment than before.

At 11pm on Friday, December 31, 2020, Britain officially exited the European Union’s regulatory orbit, free to seek its fortune as an independent entity.

For property investors, domestic and overseas, the withdrawal has raised multiple questions. Just days before, the British government agreed a trade deal with the EU covering goods but not services. Would any new conditions apply to real estate?

At first glance, very little has changed for property investors. Their ability to buy and sell both residential and commercial real estate remains unhindered.

The December 23 deal allayed any fears of WTO rules applying, along with punitive tariffs and taxes. And access to mortgage finance is as plentiful as ever.

If anything, Brexit has ushered in a period of greater enthusiasm for British property investment. The Euro is trading at around 1.10 to the pound, a fall of 9 per cent compared with its most recent peak in February 2020. This alone serves as a major incentive to EU-based investors.

Read the full article here.


This article originally appeared in the Business Post.

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