Richard Carr comments on recent reports, which suggest that Asian investors are increasingly expressing interest in the British property market. Asian investor interest, these reports indicate, has climbed in the wake of Brexit.
Before the referendum, many experts raised fears that Brexit would dampen UK real estate sector activity. However, recent research indicates that the number of residential properties advertised for sale in the UK rose following Brexit, while average British house prices decreased by 0.2% on average. Meanwhile, mortgage availability remains mostly unchanged after the vote.