Paul Georgian Owner

The Buy2Let Shop Limited

The Buy2Let Shop Limited is a property investment company based in London UK and deals with investors at novice/beginner level or advanced property investors. We offer professional services to vendors looking to sell their home to investors looking to build their portfolio.
The Buy2Let Shop Limited South Tower, 26 Elmfield Road Bromley BR1 1WA
020 3837 3300
20 July 2016
20 July 2016,
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Brexit uncertainty already seems to be affecting the property market, if recent figures are anything to go by. According to Rightmove, average prices have fallen by 0.9% since last month, leaving investors concerned about the value of their current properties.

Here’s some more details about the situation, and what the experts are saying.

Not a Significant Drop

Before worrying about the dropping prices, it’s important to remember that the summer months are traditionally slower than other times of the year. At present, the drop in prices for buy-to-let property for sale is only compared to the previous year. In real terms, prices are now similar to 2014.

Prices Continue to Rise

Also, in spite of the EU referendum, prices have still continued to rise, albeit less quickly than before. Across the UK, prices have risen by an average of 4.5% since last July, which is down just 1% from the previous month.

Numbers of property sales falling through have increased, but only slightly. Statistics from Propcision (a property analysis company) showed that London has been hit the worst. In the week after the EU referendum, 8% of property sales under offer fell through. In the week after that, the figure rose again, to 9.25% – an increase of 4.25% on the average figures.

New Government

The arrival of the new PM and the major cabinet reshuffle has added further uncertainty to the market. The Telegraph predicts that the appointment of Sajid Javid to the Department for Communities and Local Government may herald the introduction of changes to housing policies – and it is possible that this might mean more support for landlords and for investors in the build-to-rent sector.

Predictions for the Future?

At present, it’s difficult to say what the future holds for the property market in the UK. However, given that average prices for buy-to-let property for sale have dropped slightly, it may be a good opportunity for investors to explore the property investment opportunities available.

With fewer people able to buy their own home, the demand for rented accommodation across the country has never been higher – and it’s an excellent time to earn income as a landlord. To boost returns, consider the following:

  • Buying a house at auction. Property auctions are often an excellent place to find real property investment opportunities. London property auctions are especially useful if you’re looking for buy-to-let property in the city. Normally, you can expect to save 15% against general market prices; though be aware, you’ll need to pay 10% of the final price upfront on the day, so you must have your finances in order.

 

  • Property investment agents. Likewise, property investment agents have properties on their books that aren’t available to the general public. They’re priced to sell, and offer often significant savings.

The Buy2Let Shop Limited

If you want to capitalise on the reduced prices in the wake of Brexit, talk to The Buy2Let Shop team. We’re specialist property investment agents, and we’ll work with you to find the right buy to let property for sale, which meets your requirements.

To find out more about our services, which also include assistance with buying a house at auction and informative property seminars, simply visit The Buy2Let Shop website today.

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