Stability Of The Student Property Market After Brexit
Student property is a worthwhile investment with major long-term potential, even in the face of such unprecedented political uncertainty. The referendum vote did nothing to quell rising student numbers or applications. In 2016 applications from UK and EU students to UK universities rose by 7.5%.
In the wake of the referendum, the government confirmed that students coming to the UK from any country in the European Union would be eligible for student loans. Nor would any funding be withdrawn. With some clarity afforded by the government on this issue, it means student numbers and applications for places can continue their steady rise. Consequently, the student property market after Brexit is in robust health and based on projections, can only become more secure and profitable.
The property market after Brexit has not succumbed to uncertainty and fear-mongering. The Office for National Statistics (ONS) stated that the final quarter of 2017 saw a rise of 4% in the UK’s commercial and residential property sectors. It isn’t luck or pig-headedness that is driving these figures; it’s the notion that British bricks and mortar is still the best asset class to invest in.
Research conducted in 2018 noted that nearly 80% of property investors believe that Brexit will not affect their long-term strategy, and nor has the referendum result, or the uncertainty that trailed in its wake had any notable impact on how they have conducted business since June 2016. With property prices after Brexit not tumbling as far as some had predicted, the market’s stability is of great reassurance to investors.
Good News For The Property Market After Brexit
Brexit is an inevitability. Regardless of political upheaval and social consternation reported endlessly by the media, the result of the June 2016 referendum cannot and will not change. Investors are more concerned with trade disputes between China and the USA, the growing influence of Russia and the ebbs and flows of politics on the Korean peninsula than the frivolous arguments taking place in the House of Commons.
The stability of the property market after Brexit isn’t just in its financial results but in its overall outlook. The property market after Brexit remains as fortified as the foundations the property itself is built upon. Intriguingly, 58% of investors surveyed have less confidence in the strength, purpose and function of the government since the referendum. Much like the robustness of the UK’s property prices after Brexit, some things just don’t change.