A new year is now well underway, and as ever, the papers are full of speculation on what 2020 will bring for the world of property. So if you\u2019re currently considering investing in UK property, what should you expect<\/p>\n
\u2013 and is 2020 the right time to buy?<\/p>\n
<\/p>\n
Unsurprisingly, the situation looks more positive than it did for most of 2019. Last year, price growth was subdued, with London and the South East particularly feeling the squeeze. The prime market saw an extended period of decreased activity, and this was only exacerbated in December, when many were worried a Labour government would target the luxury property market.<\/p>\n
Yet as we begin a new year, stirrings of change are in the air. A Conservative majority has provided more stability and has broken the Brexit deadlock. Although of course there is still some uncertainty here, as there will be until we are much further down the line with Brexit.<\/p>\n
It\u2019s also important to note that, however much is spoken about \u2018getting Brexit done\u2019, the agreement of the UK\u2019s relationships with the rest of the world will take many, many years to settle. As such, the short term won\u2019t be about investing and expecting a quick return: now is the time for strategic investors looking for long-term price growth.<\/p>\n
But as ever, savvy buyers can capitalise on this, securing competitive deals where once negotiation was unlikely to yield results. This window of opportunity may come to a close in 2020: experts predict the London market in particular will pick up pace steadily throughout the next year, although we don\u2019t yet expect to see the return of the fast-paced market of old.<\/p>\n
All in all, the signs look cautiously optimistic for investing in UK property. But what if you\u2019re not a British national or resident?<\/p>\n
Expats and foreign nationals may be concerned about how the UK\u2019s evolving future relationship with other nations may affect their ability to own and finance property. But regardless of Brexit, the UK government has already shown that it is keen to stimulate external investment in the UK, and has encouraged mortgage lenders to be amenable to this.<\/p>\n
International buyers also currently stand to benefit from the on-going slump in the pound. It\u2019s uncertain how long this will last, and it could be worth taking advantage sooner rather than later.<\/p>\n
With so many variables at play in the markets, it\u2019s hard to know exactly what will happen with both the UK and the wider world economy. But if you\u2019re looking to arrange finance in order to invest in UK property, now is a good time to act.<\/p>\n
Interest rates are at historic lows, and there are very competitive deals out there for high net worth individuals (HNWIs). Many of our clients are fixing in great deals for the foreseeable future, creating some certainty in an uncertain field. And we\u2019ve recently seen several of the niche or smaller players in our network expand their criteria, which is promising if you have a complex case.<\/p>\n
Overall, the signs are promising \u2013 and we will hopefully see London shake off the slump of the last two years. It\u2019s also worth noting that, should any worst-case economic scenario occur \u2013 which is unlikely \u2013 we will have plenty of time to plan and take action. This is another example of how having a broker with great industry knowledge will be invaluable; we can act on your behalf in case of any early signs.<\/p>\n
Ultimately, we have good reason to be optimistic about the UK\u2019s property market over the next year. But as ever, making the most of a property purchase also means getting the right finance in place \u2013 so whatever your aspirations, talk to an Articus broker today<\/a><\/u><\/strong> to see how we can assist.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" A new year is now well underway, and as ever, the papers are full of speculation on what 2020 will bring for the world of property. So if you\u2019re currently considering investing in UK property, what should you expect \u2013 and is 2020 the right time to buy?<\/p>\n","protected":false},"author":1,"featured_media":14528,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[64],"tags":[],"class_list":["post-14527","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"jetpack_featured_media_url":"https:\/\/backup.articusfinance.com\/wp-content\/uploads\/2023\/01\/Building-scaled.jpg","_links":{"self":[{"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/posts\/14527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/comments?post=14527"}],"version-history":[{"count":0,"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/posts\/14527\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/media\/14528"}],"wp:attachment":[{"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/media?parent=14527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/categories?post=14527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/backup.articusfinance.com\/sg\/wp-json\/wp\/v2\/tags?post=14527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}