Property market remains a safe haven amid political unrest

Property market remains a safe haven amid political unrest

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The UK will remain a property safe haven despite the upcoming general election and Brexit, new research shows.

The study of 1,100 investors across the UK by Kuflink has revealed that traditional asset classes, such as property, will continue to prove popular as they provide the ‘much-needed investor comfort’ that many people are looking for, with property in particular offering investors across the country ‘perceived strength in times of uncertainty’, the peer-to-peer lender said.

Some 34% of the respondents to the poll said that Britain’s decision to leave the European Union has drastically affected the way they manage their investment strategies.

Kuflink’s research also reveals that the uncertainty caused by the snap general election is prompting greater caution among some investors; 38% of UK investors said that they would be waiting until after the upcoming election on 8 June 2017 to make any further investment decisions.

The survey also found that most investors deem property investment to be the safest bet, with 30% of the investors surveyed stating that over the course of the 2017/18 financial year, they would be looking to invest in traditional asset classes such as property.

Tarlochan Garcha, CEO of Kuflink, said: “The EU referendum has set in motion a number of political and economic shifts that are inevitably impacting the way the UK’s investors think and act. Today’s research has underlined the faith people place in property as an investment vehicle, with a huge number of investors gravitating towards this safe haven asset amidst the uncertainty caused by Brexit and the approaching general election.

“There is undeniable investment value in retrospective data and historical evidence to support the strength of any investment class. For this reason, I have great faith in the resilience and strength of the UK property market and take confidence in the fact that UK investors agree.”

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