Investors to expand Edinburgh portfolios despite Brexit uncertainty

Most experienced investors are planning to expand their portfolio of Edinburgh-based investments in the near future despite Brexit woes.

That is the result of an exit survey following an invitation-only property investment seminar held by Edinburgh-based Cullen Property, private bank Hampden & Co, Lindsay’s solicitors and Johnston Smillie chartered accountants.

According to the survey, 85% of respondents said they are confident about investing in a property in the near future. The same number intend to increase their level of investment in the property market, while only 23% were deterred by the uncertainty surrounding Brexit negotiations.

Steve Coyle, managing director of Cullen Property, said: “Successful property investment is for the long-term and this is where Edinburgh’s strengths lie as a location.”

“The capital has consistently delivered growing returns for the property investors, even during periods of relative economic and political uncertainty.”

He said that the responses from seminar attendees show their confidence in the Edinburgh residential letting and property market as well as property as an asset class in general.

“Engaging with experienced teams for relevant and up-to-the-minute legal tax, financial and management advice is often the key to successful property investment,” he explained.

Graeme Hartop, chief executive officer of Hampden & Co, added: “The breadth of opportunity in the Edinburgh property market, balanced by the increasing complexity of options, continues to highlight the value that professional advisers bring to investors.”

Cullen Property specialises in HMO property investment, currently managing circa 400 properties in Edinburgh including several hundred HMO properties.