ROTHMORE INVEST

How is Brexit affecting the UK property market?

It goes without saying that Brexit has caused a large amount of concern for many of our investors. Rothmore Invest have the statistics of supply and demand, so if we take a step back and look at the past 3 years, when the nation voted to leave, we concur that house prices in the north of England have gone from strength to strength. The investors who purchased in the North of England, during this uncertainty, would by now have reaped the rewards.

brexit
  • Date:
  • 17 Jun 2019

Why is that?

In a nutshell…Leeds, Manchester,Liverpool and Birmingham have seen substantial property growth. Population is increasing within these areas and many more jobs being created along with huge regeneration projects that are laying the foundations for economical and population growth. When a city attracts large amounts of people due to its success, these people need to have somewhere to live.

Higher paying jobs have lead to higher salaries and a continually high demand for luxury apartments. This is why we believe that until supply out strips demand these northern power houses will continue to be ‘hotspots’ for investors.”

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