Pocketful of dirhams: How to invest in a post-Brexit UK property market
We discuss how to secure a mortgage, assess your tax liability and find the best areas to buy
Brexit is a word we’ve all become familiar with since the UK voted to leave the European Union on June 23 2016.
The referendum result saw the pound plunge in value and property prices cool as buyers struggled to digest how the UK’s exit from the EU would affect the market.
Following the Conservative Party's win in the UK’s December election, however, central London property buyers no longer appear phased by “the Brexit dip”. Sales increased by 34 per cent in the last quarter of 2019 compared to the same period the previous year, according to LonRes, with central London house prices rising 2.4 per cent following five consecutive quarterly falls.
With optimism in the market once again, what is the best way for UAE investors to buy in the UK?
Host Alice Haine, the personal finance editor of The National, is joined by Emma Tracey, The National’s deputy creative director, and Chris Battle, the founder of The Property Hub meet-up group in Dubai, who owns 10 buy-to-let properties in the UK.
She is also joined later in the show by UAE resident Jasvinder Sangar, the chief financial officer of recruitment company Mackenzie Jones, who has become a successful UK developer while living and working in the Emirates.
Take a look at last week's episode for tips on how to invest in volatile times
Updated: February 23, 2020 05:12 PM