The Brexit is undoubtedly one of the biggest changes that the UK will go through for decades and the first question that many landlords will have is: should I still invest in the property market?
The answer is yes.
Take Platinum Property Partners (PPP) for example.
It seems quite apt that this month marks our 9th anniversary. We prospered during a major period of uncertainty following the aftermath of the financial crisis, and many of our Partners who joined during that time have actually been the most successful to date.
Since then, we have welcomed more than 250 Partners, purchased in excess of £213 million worth of property and provided high quality and affordable accommodation to 4,500 tenants.
As Warren Buffett famously said: "Only when the tide goes out do you discover who's been swimming naked." And luckily we were fully clothed!
This just goes to show that the PPP model was built to withstand turbulent and uncertain times - we survived it, we prospered and we came out stronger.
And the good news is that there are many aspects of the Brexit that are very positive for property investors, and in particular, those who have a robust cashflow strategy.
The predictions are that buy-to-let mortgage rates are likely to be cut, purchase prices could reduce, there will be less competition from amateur landlords and building and refurbishment work could cost you less. And that's not an exhaustive list.
We're also welcoming a new leadership team in Central Government as a result of the Brexit. In time, could this mean that there will be more sensible policy-making and tax legislation introduced? Quite possibly.
Whatever changes we face in the property market, the fact remains, that over any medium to long-term period, property is one of the most robust and financially rewarding asset classes. As Baron Rothschild once said: "The time to buy is when there's blood in the streets."
Find out more about why the Brexit doesn't spell disaster for the property market and what other opportunities this change presents by watching my webinar here.
