Unlike certain European countries, the UK has not historically placed any restrictions on non-EU overseas investors buying property in the UK.
News & Advice
As the British people look towards a future where they are no longer EU citizens, some are wondering whether this will put them in an awkward place regarding their European housing or property investments.
As uncertainty over the future of the UK’s relationship with the European Union remains, it appears that its business as usual for the housing market. With over a month since the historic vote, a number of surveys containing data covering activity in July have been published, with the Nationwide house price index among them.
The Centre for Economic and Business Research (Cebr) has updated its house price forecasts and is now expecting a slowdown in UK house price growth in 2016 and 2017.
Whether you voted for it or not, Brexit has happened. While many predictions were made about what would happen to the property market should the UK vote to leave the EU, now we are getting the first indicators of what is actually happening.
A Bank of England (BOE) member has told the UK Parliament’s Treasury Select Committee (TSC) that he expects banks’ buy-to-let (BTL) lending activity to slow in the wake of the UK’s vote for Brexit as lenders survey the new, post-Brexit landscape.