A significant drop in the value of sterling has seen a number of Europeans move to secure UK property investments while assets are below market value.
Since the Brexit vote, according to a survey conducted by BrickVest, an online property investment platform, there has been a shift in investor sentiment towards lower risk opportunities that offer income yield, with many investors targeting properties in the UK.
“Since Brexit, we also have seen demand pick-up for UK real estate from continental European investors who are looking to gain from the weak British pound,” said Emmanuel Lumineau, CEO at BrickVest.
Following the UK’s decision to leave the European Union, BrickVest has announced the launch of three new pan-European income-producing investment opportunities that it believes will be highly attractive and able to withstand market uncertainty by offering solid annual yields in a low interest rate environment.
The London-based firm allows investors to invest as little as €1,000 (£843) in what it claims is institutional quality property that previously was only accessible to large institutions such as pension funds, insurance companies and large family offices.
Lumineau added: “In light of Brexit and when income is the key priority to a lot of our investors, BrickVest prefers investments that provide strong diversification and increased stability throughout their hold period.”