Over the past 24 months, the UK has remained one of the world’s leading property destinations for investors, fuelled by strong market demand and consistent industry growth. As the country prepares for Brexit and the snap General Election, the residential real estate market remains a popular destination for investors – figures released last month revealed that the average value of homes entering the property market had hit a historic high of £313,655 in April.
Within this thriving market, short-term refurbishment projects have proven particular popular for property investors seeking fast returns – the total number of planning applications submitted over the past two years has risen at an average rate of 6%. Refurbishment projects play can a critical role in catalysing growth within the UK property market by positively contributing to the national housing supply, transforming previously uninhabitable houses into desirable properties.
As Britain prepares for its withdrawal from the European Union, MFS’s research has proven the nationwide resilience of investors. In fact, our Property Investor Index study found that 11.5 million investors consider the next 24 months as an ample opportunity to execute a short-term investment strategy. Moreover, with rental prices forecast to rise by 20% over the next five years, almost two-fifths (37%) of investors currently view buy-to-let as an attractive investment.
To help investors keen to seize short-term opportunities in Britain’s vibrant real estate market, next week MFS is launching an exciting new initiative. The MFS Property Investment Drive is a £20 million fund dedicated to UK investors seeking finance to support their property turnaround strategy. As Britain prepares for the snap General Election on 8 June and the formal commencement of Brexit negotiations, the MFS Property Investment Drive is a timely initiative that will offer investors the fast access to capital necessary to support their short-term investment plans.