Following the somewhat unexpected result in the EU referendum on June 23, Britons are showing their resilience as they share their positive outlook for their property market’s future.
A new research by comparethemarket.com revealed that half of UK home buyers or sellers, are bouncing back and are extremely or fairly confident, in the UK property market after BREXIT.
Just under seven weeks ago, when Electoral Commission’s chief counting officer, Jenny Watson, announced the referendum results in Manchester’s Town Hall, a sentiment of uncertainty could be felt across the country.
Now however, less than two months and an interest rate cut later, the sentiment has changed already. And the British property market is one of the first ones to feel the change. First-time buyers are now seeing a chance to buy and, maybe more surprisingly, property investors are also winning their confidence back.
Through amazing investment opportunities within the build-to-rent sector, offering assured rent and therefore a kind of “safety net” and the drop in sterling, both the local as well as the foreign investor are currently seeing a great window to invest in property.
But what do Britons actually think about their country’s property market? And how high are their expectations for a Great British property future?