Brexit driving more investors to the property market

Fresh research commissioned by peer-to-peer lender Kuflink has revealed that more traditional assets are providing comfort against the backdrop of Brexit uncertainty.

The report shows that many are being driven to the property sector, as uncertainty surrounding other investment types rumbles on.

Changing Market

Data from the analysis shows that 34% of respondents – or 10 million investors – said that the decision to leave the EU had substantially changed the way that they go about their investment strategies.

This was particularly evident with investors aged between 18 and 34 and those in London, where these figures rose to 61% and 71% respectively.

In addition, 38% of UK investors said that they would wait until after the election to make any more investment decisions.

What’s more, the survey reveals that investors perceive property to represent a safer investment type. 38% believe that they are less inclined to pursue either new or lesser-known investment classes against the backdrop of political uncertainty.

30% of the total number of investor said that during the 2017/18 financial year, they would be focusing on traditional asset classes, such as property.

Brexit driving more investors to the property market

Brexit driving more investors to the property market

Shifts

Tariochan Garcha, CEO of Kuflink, observed: ‘The EU referendum has set in motion a number of political and economic shifts that are inevitably impacting the way the UK’s investors think and act. Today’s research has underlined the faith people place in property as an investment vehicle, with a huge number of investors gravitating towards this safe haven asset amidst the uncertainty caused by Brexit and the approaching General Election. There is undeniable investment value in retrospective data and historical evidence to support the strength of any investment class.’[1]

‘For this reason, I have great faith in the resilience and strength of the UK property market and take confidence in the fact that UK investors agree,’ Garcha added.[1]

[1] http://www.propertyreporter.co.uk/finance/brexit-fears-drive-investors-to-property-sector-according-to-new-report.html

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