BREXIT 3 weeks on – Landlords

11:40 am | Uncategorized | 12th July, 2016

Brexit is certainly a shock to the system and one that will no doubt have far reaching ramifications for our industry moving forward. But the more I think about it, the more I actually think the next few months could be a real boom for our sector.

Look at the possible short-term benefits:

There may well be a real boom in immigration from Europe, before any deal is made. This would in turn mean even more people needing rented property and for landlords, it is likely to produce a further rise in rents.

With an expected nervousness happening in the sales market now could be a great time to be expanding your portfolio.

People will still need to move and live somewhere and traditionally in times of uncertainty people now look to rent for longer.

Whilst we do not know exactly what will happen any shrinking in our economy has always seen the rental market grow even stronger.

Britain has a very strong trading history and whilst there seems no doubt we will suffer some short term turmoil and a possible recession, or at least much reduced growth.  However, there seems very little doubt that we will come out the other side. History tells us we always return much stronger and leaner.

In a world of financial turmoil, property has always proven to be a great long term investment and there is no reason to believe this will change.

So is it all bad? I don’t think so when you look at our industry and the way it has grown and matured over the last 10 to 15 years. In actual fact, this should be seen as another opportunity for landlords to expand their portfolios and for the best agents to make sure they are at hand to help  clients through, with balanced and professional support and the advice.

In other words, those of us who are experienced, knowledgeable and experts in our fields, will be the ones that actually see the opportunity and grab it.