Investor faith in U.K. property market waning, study finds
International investors are losing their appetite for the United Kingdom commercial property market, a study by European liquidity platform BrickVest reveals.
Overall enthusiasm has waned over the past quarter, with only 27 percent of investors showing a preference for the United Kingdom market, a 4 percent decrease over the past year.
Similar slippage was observed among German and French investors, falling to 14 percent from 19 percent year-over-year among the former group and 10 percent from 19 percent in the past year, in the latter.
As a result, the study predicts a sharp decrease in the volume of assets under management to be deployed within the year — just 2.5 percent, down from 3.7 percent.
“The latest figures of our Barometer reveal the continued negative effect of Brexit uncertainty on the U.K. commercial property market among international investors and particularly those based in France and Germany,” said Emmanuel Lumineau, CEO at BrickVe