For the canny property investor, whilst there is a certain amount of uncertainty around Brexit, rewards may very well follow for those wishing to invest now.
Take this example, a one-bedroom apartment in Deptford, SE13, offering a respectable rental yield of 4.99% and on the market for just £300,000 (offers in excess of). There are opportunities available to take advantage of big discounts right now, particularly in high-value, prime areas such as Hammersmith and Fulham, where property prices have generally bottomed out.
There is, of course, some fear that the property market could see a repeat of 2009 ten years later. The events that are about to play out over the next few months will play a huge part in shaping key outcomes in the future. However, once we are aware of the direction Brexit Britain will take, the hope is very much that stability will naturally be brought back to the market. As the deadline approaches, falling inflation and strong employment levels, plus continued low borrowing rates, will hopefully avoid a dramatic price collapse.
There could very well be a surge of momentum once the Brexit path has been finalised. In the meantime, for potential investors in search of high yields, now could be the ideal opportunity to negotiate the best deal.
As a residential lettings specialist with more than 50 years’ experience in the London property market, we can provide you with expert, personalised advice. Simply contact your local Benham & Reeves team today.
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