Over half (55%) of investors have paused their investment plans as they await the outcome of Brexit.
A majority of property investors have put their financial plans on hold as they await the Brexit deadline and 2019 Autumn Budget, research from Experience Invest has found.
Over half (55%) have paused their investment plans in the past six months as they await the outcome of Brexit.
Some 59% are also waiting for the 2019 Autumn Budget before pressing ahead with their investment plans.
Jerald Solis, business development and acquisitions director at Experience Invest, said: “There has been a great deal of speculation about how Brexit will impact the UK’s property market.
“Since the referendum, however, while some parts of the market have slowed or dipped slightly, prices on the whole have held firm or, in many regions, risen steadily.
“Nevertheless, our research clearly shows many property investors are now adopting a ‘wait and see’ approach as the Brexit deadline draws near.
“And this means there could be a surge of activity once Brexit materialises; once the dust settles, investors are evidently preparing to spring back into life, which could result in far greater activity across the UK property market.”
In addition, over half (56%) of investors have no faith that Boris Johnson will make a success of Brexit.
Some 37% of property investors said they have taken one or more listed properties off the market in the past year due to a slowdown in activity.
The majority of investors (52%) are actively monitoring potential property investments but are waiting to see if prices fluctuate as Brexit approaches.
Half of investors (51%) believe there will be a surge in activity within the property market after 31 October.
In the long-term however investors are confident the real estate market will remain resilient despite Brexit uncertainty, with under a third (31%) believing leaving the EU will negatively affect the value of their property portfolios.
With interest rates remaining below 1% for the past decade, three-fifths of property investors (59%) are actively seeking ways to make their money work harder.
