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Many international and national HNWIs (High Net Worth Individuals) who are current investors in Britain’s property market are planning to add to their portfolios despite Brexit, according to new research.

A survey conducted of HNWIs, who were defined as earning over £100,000 each year, located in South Africa, Hong Kong, Dubai and the UK, discovered that Brexit is not an off-putting issue for the majority of property investors. According to the survey, up to a quarter of respondents, at 23 per cent, actually considered Brexit as an incentive for making their investment.

On behalf of SevenCapital, a leading property developer in the UK, Censuswide conducted the survey in order to gain an understanding of the average mid to long term view of investors. The organisation discovered that over half, at 55 per cent, believed that the property market in the UK will be good to very strong in the following 18 months, with this figure increasing to approximately one in three, at 64 per cent, believing this will be the case between three to five years into the future.

These statistics from investors are encouraging news for Britain’s property market, as the sector is in the midst of a period of uncertainty, with largely negative speculation concerning what impact Brexit will have.

SevenCapital’s director, Andy Foote, explained that the statistics demonstrate that people broadly understand that there are wider factors to consider besides Brexit when considering the overall trends apparent in Britain’s property market. In fact, it is the perception and fear of Brexit that is likely to have an impact, rather than the act of physically leaving the European Union.

Ultimately, if the property market was to take a dive after Brexit, seasoned and knowledgeable investors will understand that this would create a catalyst for the market to inevitably bounce back. The UK property market is a perfect example of noted cyclical patterns, where the sector grows through recovery and emerges stronger than preceding peaks.

It is also vital to acknowledge two other factors which are key in the UK property market. Firstly, there is a chronic shortage of homes in the UK, resulting in an ever increasing demand for homes, both to buy and rent, which will not change with Brexit.

Property is also not a quick investment or purchase, and if an investor is looking to purchase a home, it is unlikely that they will sell up again in under 5 years’ time. Therefore, even if the market temporarily dips, it is likely that the investment in property will appreciate in the longer term.

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