Over the course of 2017, market demand for property has pushed the total value of the country’s residential real estate to £8.29 trillion – a £280 billion increase, or 3.21% rise on January’s 2017 figures. Underpinned by robust investor demand for bricks and mortar investments, these latest figures demonstrate how residential property has remained a leading asset class for those seeking secure returns during the Brexit negotiations.
Building on the strength and resilience of the market in the past 18 months, 2018 is poised to be a significant year for homebuyers. The Government’s recent stamp duty reforms for first-time buyers has offered much needed financial relief for those seeking to jump onto the property ladder, and the overall impact of these reforms will be realised over the course of 2018. That being said, increasing the number of available homes on the market must remain a key priority – the construction of new-build homes should be complemented by creative new initiatives such as refurbishment and restoration projects.
As we enter the New Year, MFS will soon be releasing a new report unveiling the intentions of the UK’s investor community in 2018. Delivering timely insight into the sentiments of investors towards various asset classes, this report demonstrates how the current political and economic climate is impacting the intentions of UK investors, while also measuring investor confidence towards the Conservative-led minority Government in terms of both property-related policy and its handling of Brexit negotiations.
MFS’s upcoming report will be a useful tool for investors looking to effectively review and manage their property investment strategy for 2018. Adding to our suite of market intelligence reports, this year we will continue to provide timely insight into leading property and investment trends so that our clients are adeptly positioned to take advantage of upcoming opportunities. To reserve your copy, click here to speak to a member of the MFS team today.