{"id":1014,"date":"2016-09-09T17:19:36","date_gmt":"2016-09-09T16:19:36","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=1014"},"modified":"2023-09-26T13:43:02","modified_gmt":"2023-09-26T12:43:02","slug":"3-clear-signs-positive-momentum-uk-property-market","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-gb\/2016\/09\/09\/3-clear-signs-positive-momentum-uk-property-market\/","title":{"rendered":"3 Signs of Positive Momentum in the UK Property Market"},"content":{"rendered":"

Despite the last few months of uncertainty caused by the\u00a0EU referendum results. There are some clear signs of positivity in the UK property market.<\/p>\n

1 . Early reports\u00a0show minimal impact (and growth)\u00a0from the EU referendum\u00a0<\/strong><\/p>\n

The Royal Institution of Chartered Surveyors\u00a0reported during August, 12% more respondents nationally reported an increase in prices, up from +5% in July. Suggesting to many that the fears over “brexit fallout” may have be overestimated.\u00a0<\/a><\/p>\n

\u201cThere are clear signs that the housing market is settling down after the initial surprise of the outcome to the EU referendum, ….\u00a0It is likely the swift response from the Bank of England, both in terms of the lowering of the capital buffer and the cut in interest rates, has played a role in helping to support confidence.\u201d\u00a0 Simon Rubisohn, chief economist at RICS<\/p>\n

Other reports have shown property investment activity remains strong\u00a0throughout the UK market.\u00a0The report by Lambert Smith Hampton showed<\/a> that regardless of any expectations of investment activity drastically slowing down in the second quarter of the year, there was a 42% uplift to \u00a3501 million. This compares to an investment of \u00a3353 million during the same period one year earlier.<\/p>\n

Federation of Master Builders (FMB) has revealed that two-thirds of SME house builders are yet to see any negative impact on their project pipelines\u00a0<\/a><\/p>\n

2 . Foreign investment in UK property increasing demand<\/strong><\/p>\n

The recent\u00a0fluctuation in the value of\u00a0pound following the EU referendum has triggered a spending spree in the UK\u00a0property market <\/a>from foreign investors. Traditionally focused on Central London,\u00a0overseas buyers are no longer just targeting prime central locations.<\/p>\n

\n

Additionally changes in stamp duty mean that they are now interested in cheaper properties – pitting them against UK landlords\u00a0and first-time buyers.<\/p>\n<\/div>\n

Generation Rent are the landlord\u2019s best friend<\/a><\/p><\/blockquote>\n