Brexit effect on UK property market will be ”short-lived”

The UK property market will recover quickly from the turbulence resulting from Brexit, says a Nottingham expert. Richard Reed, head of property at John Pye Property – part of John Pye Auctions – believes more people will begin to use online auctions to boost their portfolio during a time of uncertainty. UK property market - HZA More than £5m of stock, featuring 39 residential and commercial investment lots, is included in the firm's online auction from Wednesday, July 6, to [...]

By |2021-11-13T09:28:26+00:00July 4, 2016|mycrousal, Blog, Finance News, News|0 Comments

Brexit Uncertainty for the Housing Market

Britain’s housing market is in a febrile state. The Brexit vote has thrown prospective buyers and sellers into doubt over the wisdom and timing of their transactions — and getting it wrong could cost them dearly. Housing Market - Hank Zarihs Associates FT Money’s electronic postbag has this week been swelling with property-related questions, none of which are simple to answer while confusion reigns over the future shape of Britain’s relations with the EU, the tenor of the UK’s next [...]

By |2021-11-13T09:28:36+00:00July 1, 2016|mycrousal, Blog, Finance News, News|0 Comments

UK Retail Investors “pulling out of property funds”

UK Property Funds:- UK retail investors are pulling out of property and UK equity funds and switching into global and Japan equities, according to a report from online investment platform rplan.co.uk. The analysis shows that the number of trades on the rplan.co.uk platform was up 175% over the weekend following the Brexit vote versus the previous weekend, and 76% of withdrawals was from property funds and 22% from UK equity funds. The volume of switching between funds was 4.5 times [...]

By |2021-11-13T09:28:48+00:00June 30, 2016|News, Blog, Finance News|0 Comments