High-net-worth individuals (HNWIs) are planning UK property investment, despite Brexit uncertainty, a survey by Censuswide for property developer SevenCapital says. Overall, 55% of HNWIs forecast a good-to-very-strong UK property market until mid-2020, with 64% predicting it would stay like this for up to five years. Meanwhile, 23% of investors surveyed from the UK, Dubai, Hong Kong and South Africa said Brexit was the reason for their investment. Investors believe that if the market dips, it will rebound more strongly, said SevenCapital’s Censuswide, adding that the fear, not the reality, of Brexit would have the effect.
High-net-worth individuals (HNWIs) are planning UK property investment, despite Brexit uncertainty, a survey by Censuswide for property developer SevenCapital says. Overall, 55% of HNWIs forecast a good-to-very-strong UK property market until mid-2020, with 64% predicting it would stay like this for up to five years. Meanwhile, 23% of investors surveyed from the UK, Dubai, Hong Kong and South Africa said Brexit was the reason for their investment. Investors believe that if the market dips, it will rebound more strongly, said SevenCapital’s Andy Foote, adding that the fear, not the reality, of Brexit would have the effect.