fbpx
  • About us
  • Advertise
  • Contact
  • Nominate
  • Client’s Voice
  • Login
  • Register
📖 Magazine
The Global Economics
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
The Global Economics
No Result
View All Result
Home Trending

What Brexit Means for Property Market: Key Issues in 2021

The post-Brexit world is a many-thorned path for real estate investors and awaits positive short and long-term successes

The Global Economics by The Global Economics
January 11, 2021
in Trending, Real Estate
Reading Time: 2 mins read
0
What Brexit Means for Property Market: Key Issues in 2021

What Brexit Means for Property Market: Key Issues in 2021

33
SHARES
186
VIEWS
FacebookTwitterRedditWhatsAppLinkedInShare Link

Prime Minister Boris Johnson concurred with a Brexit deal on 24 December 2020, with the #European Union (#EU), posing challenges for businesses in either direction between the EU and U.K. 

With the end of the 11-month transition period on December 31, 2020, the ongoing EU-U.K. relationship is governed by a Trade and Cooperation Agreement (TCA) and the EU Withdrawal Agreement. 

Trade between the EU and U.K. will be unlike under the TCA than it was as an EU member state. 

From the housing market’s perspective, there is a disconnectedness from the laws related to property ownership and conveyance of property in the England, Scotland, and Wales. Commercially, the UK property market, is exposed to any uncertainty that comes its way. Here are some of the key issues for the post-Brexit housing market.

House Prices

The current housing market situation in Britain has challenges to face like EU regulations, rise in house prices, alongside a drop in wages. Uncertainty looms over investors and developers with fears of volatility that can push prices that had escalated 10% in 2015 even higher.

Cost of Investment 

The cost of investment in property funds is likely to drop as the presupposition between participants and observers that the valuations in the U.K. commercial property can encounter a short-term downward pressure. Additionally, property funds might fluctuate from monthly to weekly valuations to cushion volatility. Open-ended property funds can face concerns with return of investment depending on the value of the said property. 

Relocation

The home-buying process poses challenges with the finalization of reciprocal agreements between the EU and U.K.

U.K. nationals living in the EU countries may require to remain in their choice of country for five years, starting January 1, 2020 with a registration under a settlement scheme. In the 5-year period, U.K. citizens can spend up to 6 months of every one year outside their country of residence. Notably, U.S. citizens will require to apply for a Visa for work and residence purposes. They may face with immigration rules of the choice of country they wish to relocate, compromising free movement. 

 

Conclusion: In 2021, the implications of Brexit on the housing markets, investors, and spectators will play out as time unfolds. The property sector is on close monitoring to match the changes at every step and identifying where new negotiations and opportunities lie.

Tags: EUeuropean
The Global Economics

The Global Economics

The Global Economics Limited is a UK based financial publication and a bi-annual business magazine giving thoughful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

Related Posts

First Republic Shares Plummet Amid Liquidity Fears
Banking

First Republic Shares Plummet Amid Liquidity Fears

by Anuj Singh
March 21, 2023
Amazon Announces Second Round of Layoffs, 9000 Roles to be Terminated
Technology

Amazon Announces Second Round of Layoffs, 9000 Roles to be Terminated

by Rahil Adnan
March 21, 2023
Saudi Real Estate Refinance Company (SRC) mulls its largest refining deal worth $1.3bn with Alrajhi
Islamic

Saudi Real Estate Refinance Company (SRC) mulls its largest refining deal worth $1.3bn with Alrajhi

by Riya Thomas
March 20, 2023
Blackstone Inc curbs withdrawals at $69billion property fund REIT
Real Estate

Blackstone Inc curbs withdrawals at $69billion property fund REIT

by Riya Thomas
December 2, 2022
Dubai’s property market Witnesses an Uptick Post Covid-19
Real Estate

Dubai’s Property Market Witnesses an Uptick Post Covid-19

by The Global Economics
November 10, 2022
Previous
Next
Facebook Twitter Instagram Youtube LinkedIn Soundcloud
The Global Economics

The Global Economics Limited is a UK based financial publication and a quarterly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

DMCA.com Protection Status

  • Privacy
  • Legal
  • Terms of Use
  • Client’s Voice
  • Server Status

norton verified - the global economics

Latest Posts

First Republic Shares Plummet Amid Liquidity Fears

First Republic Shares Plummet Amid Liquidity Fears

March 21, 2023
Sri Lanka: IMF approves $3 billion bailout for a crisis-stricken economy

Sri Lanka: IMF approves $3 billion bailout for a crisis-stricken economy

March 21, 2023
Amazon Announces Second Round of Layoffs, 9000 Roles to be Terminated

Amazon Announces Second Round of Layoffs, 9000 Roles to be Terminated

March 21, 2023
Download The Global Economics PWA to your mobile or Desktop
PWA App Download
Download The Global Economics Android App to your mobile or Desktop
Android App
Download The Global Economics IOS App to your mobile or Desktop
IOS App

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

No Result
View All Result
  • About us
  • Awards
  • Magazine
  • Client’s Voice
  • Exclusive Coverage
  • Nominate
  • Login
  • Sign Up

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

Welcome Back!

Sign In with Facebook
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Linked In
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00
Go to mobile version