Real Estate Investor Magazine South Africa Real Estate Investor Magazine - August 2017 | Page 46

UNITED KINGDOM
T
he  commencement of Brexit negotiations  last
month is good news. After all those years
of the UK dragging its heels, refusing to
join in, seeking to delay progress to political union
and declining to be part of the Euro, they can at last
sort out a strong and positive relationship that works
for them both.
The Financial Times reported earlier this year, “The
majority of economists are just as pessimistic about
Brexit’s likely effect on Britain’s longer-term economic
prospects as they were a year ago and have not been
reassured by the resilience of the UK economy after the
referendum or the plans of government.”
Before the referendum last June, many economists
produced gloomy forecasts which have since been
proved wrong. Consumers’ confidence has not suffered
and the UK economy grew by more than previously
reported.
I personally see this Brexit change as a massive
“window of opportunity” to invest in residential real
estate with the United Kingdom.
I share my reasoning by evaluating the fundamental
dr