The potential for a once-in-a-lifetime opportunity
Contrary to the reaction of the financial markets, the UK vote for Brexit probably doesn’t mean that the housing market in the UK is about collapse. While some uncertainty may reduce house price growth in the short-term, for the longer-term property investor this could be a once-in-a-lifetime opportunity for investing in off-plan property in London (such as at Elephant & Castle).
The London property market has been drawing massive interest from international investors for years.
Investors from Asia were keen to pay millions of dollars for residential properties, office blocks and other commercial sites, and many of them are properties in London’s biggest developments or prime locations.