The EU referendum in June 2016 set in motion a series of significant political and economic events. In the last 12 months the UK has seen a new Prime Minister move into 10 Downing Street, interest rates fall to historic lows, a snap election end in a shock hung parliament and Brexit negotiations officially commence.
To outline what the past year of landmark events have meant for the UK’s globally-renowned real estate sector, MFS today launches a new infographic – The EU Referendum One Year On: What has it meant for the UK Property Market? Demonstrating the resilience and strength of the industry, this visual roadmap tracks key changes affecting the property sector and real estate investors, including:
- The Bank of England’s decision to cut interest rates to 0.25%
- Chancellor Philip Hammond’s 2016 Autumn Statement
- The publication of the Housing White Paper
- The triggering of Article 50
The infographic is the latest addition to MFS’ constantly-evolving Property Heatmap. This industry-leading motion infographic provides timely insight into the UK’s buy-to-let hotspots. The platform profiles the regional cities, Home Counties and London districts defining the next five years of property investment.
As demonstrated by the new infographic, in the year that has passed since the EU referendum, the UK’s property market has remained resilient, buoyed by robust demand for residential and commercial real estate. Now that official Brexit negotiations are underway, the onus is on the Government to take a progressive approach, further strengthening the nation’s property market at this critical juncture.
MFS itself has taken a proactive approach to supporting the long-term growth of the property market and assist property investors seeking to expand their portfolios; earlier this month we launched FlipFinance2017 – a £20 million funding initiative to support the nation’s budding property investors and landlords in their fledgling investment projects across the UK. This industry-first property investment drive targets refurbishment and restoration projects, tapping into a staggering 1.4 million empty homes across the UK in order to catalyse greater movement across the real estate market.
Click here to find out more about FlipFinance2017.