Does Brexit mean an expat buy-to-let free for all?

Published:  31 Jan at 6 PM
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Will Brexit lead to even cheaper buy-to-let bargains for expats?

British estate agents specialising in buy-to-let properties in the UK believe Brexit will lead to cheaper house prices and more expat investment opportunities. Now that Brexit is finally a reality, this year’s negotiations may exacerbate Britain’s already stalling property price growth. According to realtors specialising in investor buy-to-let homes, growth at present is just 1.3 per cent with the exception of Edinburgh and Manchester, having fallen from its rate of 8.2 per cent prior to the referendum. Given the upcoming EU/UK negotiations, it’s possible house prices may even fall further in 2020.

Expatriate property investors aren’t held back by economic uncertainty as the majority are paid in other currencies with rates which have increased in comparison to those of the previous several years. Taking the exchange rate into consideration plus the fact of sterling’s continued weakness means cheaper expat deposits for both buy-to-let and residential mortgages. Domestic confidence is expected to also play a part in reducing UK house prices in general, especially as mortgage rates are at an all-time low and the selection of loans available is expanding.

According to property experts, sellers are increasingly willing to accept offers, especially if they’re now retiring early in the hope that they can emigrate to a European country before the end of this year. Another factor is a massive loss of confidence in Britain’s politicians, resulting in UK-based potential buyers’ reluctance to commit until the economy improves. Basically, whatever the result of this year’s negotiations, property investors can and will take advantage of the present trend.
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