Real estate investment returns potential hinges on one of the thorniest questions for those mulling over a property investment in the near future, that is the extent to which the UK’s departure from the European Union (EU) – deal or no deal – will impact the real estate market and wider economy.
This hesitancy is natural, however, a quick scan of the current state of the UK property market, and particularly its performance since the June 2016 EU referendum, should work to dispel many of these concerns. Indeed, many regions have performed strongly in price terms since the vote; according to the Office for National Statistics, the average UK house price stood at £214,000 in June 2016. By January 2019 – with scarce clarity about the terms under which the UK would leave the EU – this figure had risen to £228,000.
Conygar Investment Company PLC (LON:CIC) is an AIM quoted property investment and development group dealing primarily in UK property.