Adding to problems: Key factors that will shape property investment in 2018
Unsurprisingly, uncertainty surrounding the outcome of Brexit negotiations is expected to continue to overshadow the UK property market throughout 2018. Forecasts by KPMG Economics predict that momentum will pick up after the United Kingdom leaves the European Union in 2019.
However, Brexit is not the only factor affecting the property market. Industry experts and investors will be watching closely any changes to interest rates, exchange rates, property-related taxes, housing policy and economic growth, just to name a few, as they are very important factors with the potential to shape the property market next year.
We also need to consider macro trends and the United Kingdom’s capacity to attract investment and businesses, as these will have implications for current and future property developments. On the one hand, it’s true that some banks have made plans to relocate parts of their operations to other European cities such as Frankfurt, Dublin and Amsterdam and, i