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Financial Blog

New wave of foreign property buyers in the UK

The post BREXIT weak pound is drawing in foreign property buyers.

As reported in The i newspaper this week, foreign property moguls are expected to cash in on the post BREXIT weak pound. It is expected that foreign money will pour into London and the British Property market in the coming weeks and months before the pound goes back up in value.

BREXIT 2David Adams MD of John Taylor Agency said he was inundated with calls from the Middle East on Friday than any other day of his career. Also receiving calls from investors in Jordan, Saudi Arabia, Kuwait, Dubai, Monaco, France and Switzerland.

Foreign investors will be seeing a huge saving after the pound plummeted following a vote to leave the EU. This investment could see the UK property market stay buoyant after the shock leave vote and predictions of a short term downturn in the market could be proved wrong.

 

If you’re thinking of remortgaging, moving home or buying for the first time and need advice on how to best progress then call one of our experts on 01273 736536, or fill out the contact form.

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