OFFSHORE
After a thorough study of the current market status in the global real estate sector , it is safe to say that your goals to invest offshore or to take your investments abroad are not impossible .
Investing in the UK The United Kingdom was hit hard by the coronavirus pandemic , the country found itself going into national lockdown in the spring of 2020 and only easing restrictions for a few months before the second wave struck . With this came many downfalls in many aspects of their business . The impact of the lockdown on domestic economy was devastating , and despite government ’ s intervention and measures like the furlough scheme , unemployment soared , growth plummeted and the outlook appeared grim .
Brexit in Business However , while the UK is still in the grip of its third national lockdown its vaccination programme is progressing well and the nation now has a roadmap for reopening the economy . The thorny issue of Brexit has also been resolved , so there are high hopes that the UK will rebound strongly in the second half of the year 2021 .
Many businesses were damaged beyond repair by the Brexit crisis and had to close their doors for good , which does create some opportunities for investment depending on the sector and your appetite for risk .
Real Estate Market In terms of the property market , prices are currently at something of a high following a mini-boom inspired by the UK government ’ s decision to cut stamp duty . Elevated prices have also been supported by people purchasing second homes in less populated areas in reaction to the lockdowns .
“ There are high hopes that the UK will rebound strongly in the second half of the year 2021 .”
However , some industry experts feel that prices are unlikely to continue rising after April ( when the stamp duty cut ends ) so if you ’ re thinking of investing in UK property you may want to wait until the late summer / early autumn of 2021 .
Poland According to the world ’ s largest commercial real estate services and investment firm , CBRE , In 2021 Poland is projected to make up for the losses it had encountered and it is expected to accelerate in 2022 . Strong pre-pandemic shape of public finances and assertive actions of the central bank are main causes of Polish economy being able to mitigate most of the damage .
The real estate investment market in Poland is said to have experienced an unprecedented boom in 2018 with investment momentum following into 2019 . 2020 is prognosed to be a temporary deviation from this growth path with higher transaction figures anticipated to return in mid-2021 due to original boom being a consequence of good economic conditions and structural maturity of the market , not an irregularity . This however means recovery will be highly associated with economic performance of the country in the following months .
If you are seeking to invest in the Polish
SA Real Estate Investor Magazine MARCH 2021 13