With the amount of confusion and hear-say over Brexit currently plaguing every newspaper, headline, and social media platform, it is no wonder that many people and property investors are beginning to panic about the UK property situation post-Brexit. Throughout this article, we hoped for the best and chose to look at the situation in a ‘glass-half-full’ kind of way.
Whilst hope in itself is probably not the best investment strategy, it is helpful for all investors, including that of the property sort, that the best investors realize potential opportunities in whichever shape or form they may come in. Thus, Brexit, and the fallout of it, should be seen as an opportunity, which must not be passed upon simply due to fear of the unknown if used correctly.
This then raises the questions of which aspects ofhave the most hopeful prospects in the aftermath of Brexit.
There is one main, rather obvious aspect that can answer this question; the UK’s tertiary education sector attracts high volumes of students from all around the world and is one of the. In respect of this, it rather makes the number of EU students look tiny compared to the students who travel from all the other parts of the world to study in the UK’s educational institutions. This won’t change simply because the United Kingdom has decided to leave the European Union. Even if there were to be a reduction in the number of students moving into the UK from the EU, there is still the clear possibility that students from non-EU countries would fill the EU’s shortfall. With London, Cambridge, and Oxford being the most famous UK University locations, they are also the most expensive, which will remain the case, despite the post-Brexit situation.
For property investors looking to invest in property pre-Brexit, if you want to maintain as much security as possible, student housing is arguably the best place to start. With places such as those mentioned above being some of the most expensive in the country, this may not seem too appealing at this time of uncertainly. Still, there are places in the UK, such as the Midlands and the north of England, with several highly regarded universities. The students are looking for more affordable accommodation, which can create higher yields for landlords.
Therefore, rest assured, regardless of the post-Brexit outcome, the UK will remain to attract many students from all over the world, all of which will still need an accommodation to live in. With more students demanding a higher standard of purpose-built student accommodation, property in this area could well be an excellent investment for anyone looking to expand their property portfolios post-Brexit.