09 Sep 09.09.2016 Property Investment activity remains strong
09.09.2016 Property Investment activity remains strong
A study done by Lambert Smith Hampton(LSH) revealed that the UK housing market stay strong regardless of the uncertainty brought by the Brexit vote. According to the study, the country’s property investment activities recorded a 42% year-on-year growth to ￡501 million (￡353 million in 2015).
Mr. Abid Jaffry, Head of LSH northern capital markets team, believed that the Brexit result may pose only subtle harm to the country’s property market in the long run. Moreover, sales activities of retail fund assets in general remained robust, with some even surpassed book values.
Mr. Abid Jaffry believed that investors will still come into the market to tap the low interest rates and attractive exchange rate there.