Recent policy changes and economic shifts are having an impact on international property investors looking at UK-based assets, according to UK brokers.<\/p>\n
Butterfield in the UK commissioned market research firm Censuswide to conduct an independent survey of 300 UK-based mortgage brokers. Seven in ten (71%) reported seeing greater caution among their overseas clients in anticipation of the upcoming Autumn Budget, while 73% believe that recent tax changes have reduced the appeal of UK property.<\/p>\n
The data also shows that three in four brokers (75%) say their clients now need more support to understand the UK market since Labour came to power in July 2024. Meanwhile, the Bank of England\u2019s base rate continues to be a significant factor in investors\u2019 decision making according to 67% of brokers.<\/p>\n
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It suggests that uncertainty across the political and economic landscape are having a dampening effect on market sentiment. That said, nearly three-quarters (74%) believe that proposals to streamline the home-buying process will have a positive impact on the market if they are introduced by the government.<\/p>\n
Alpa Bhakta, CEO of Butterfield Mortgages Limited, said:\u00a0\u201cWith the Autumn Budget drawing close, this data underlines what\u2019s at stake, with policy reforms clearly influencing how international investors think about UK property \u2013 particularly in prime markets, where the higher concentration of overseas buyers means the impact is most obvious.\u00a0<\/em><\/p>\n \u201cMore than anything, right now we need clarity.\u00a0If the Budget can deliver that, property buyers will be able to make informed decisions and plan with confidence. To support this, brokers and lenders have a crucial role to play after the Budget. By maintaining clear communication and a flexible approach, lenders can help ensure that international buyers continue to see the UK as a stable and attractive market for investment.\u201d<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Recent policy changes and economic shifts are having an impact on international property investors looking at UK-based assets, according to UK brokers. Butterfield in the UK commissioned market research firm Censuswide to conduct an independent survey of 300 UK-based mortgage brokers. Seven in ten (71%) reported seeing greater caution among their overseas clients in anticipation […]<\/p>\n","protected":false},"author":1,"featured_media":5802,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-5801","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-second-home"],"yoast_head":"\n