The recent changes arising from the 2015 budget and EU referendum has caused unprecedented changes to the dynamics of the property market.
A shift from prime central locations to cheaper properties on the outskirts by overseas investors due to the changes in the stamp duty regime is further fueled by the EU referendum. We now have a new breed of overseas investors who can access the property market in the wake of a weaker pound.
Investing in the UK is still up for grabs and the opportunity to build a property portfolio with a steady income in the long term is available to investors as demand continues to outstrip supply.
The initial shock of the EU referendum is wearing off and it appears property prices are rising more sharply in non-prime areas than previously. The birth of travelling at the speed of light with the inception of High Speed 2 and Cross Rail makes neighbourhoods on the outskirts of London appealing prospects for the future.
The fall of the pound following the EU referendum has triggered a spending spree in London's property market from foreign investors. But these overseas buyers are no longer just targeting prime central locations. Changes in stamp duty mean that they are now interested in cheaper properties - pitting them head-to-head against jittery first-time buyers.