Despite uncertainty around the property market post-Brexit, investor confidence remains unchanged, according to the managing director of Network Auctions.
Ahead of the company’s next property auction on 14 September at the Grosvenor House Hotel on Park Lane, London, Toby Limbrick is anticipating good result across the 36 lot catalogue, thanks to strong investment appetite for property supported in part by cheaper borrowing rates and stable returns.
“Any concerns over Brexit appear to have been more than offset by the low inflation, low interest rate economy which is seeing investors and other buyers remain confident in the UK property market,” said Limbrick.
The 36 lots going under the hammer include a wide range of opportunities for purchasers and investors, including refurbishment projects, buy-to-let investments, commercial investments, development and redevelopment opportunities, including land with and without planning consent, and properties suitable for owner-occupation across the UK.
There are also four public houses up for sale in Gosport, Okehampton, Barnstaple and Salisbury which provide business opportunities or possible redevelopment opportunities.
Limbrick added: “Our sales in 2016 have generated some fantastic results with considerable buyer interest and enthusiastic bidding.”
https://www.propertyinvestortoday.co.uk/breaking-news/2016/8/investors-remain-confident-in-uk-property-market
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