Welcome to another episode of the Mark My Words Podcast. In today’s episode, Mark discusses BREXIT and lays out what’s going to happen post BREXIT and what it means for property investors and their investments? Get Marks inside-track on our economic situation and why now, is still a good time to be investing in property.
The main consequence of Brexit is lots of changes surrounding trade and our relationship with the European Union, changes to rules around lending and the general legislative framework that we follow in the UK. Brexit is the biggest project the government has undertaken since the second world war and as a result, lots of the UK market has gone ‘soft’. The brake has been applied to the market and once we get some level of certainty from the government, from the EU and from our Brexit deal we will start to see an increased economic growth, in business and in property. Mark suspects at the end of the Brexit period the economy will see a big release of capital and movement with our economy, our property prices and our rental values.
KEY TAKEAWAYS
BEST MOMENTS
“We are short of housing demand by about 100,000 homes each year”
“RICS are saying rents will go up by 10-15% in the next year to 18 months.”
“Lots of investors retract from buying property when there is a lot of negativity in the media and uncertainty around our economic situation, what you need to do is look at the opportunity here”
“Our European cousins economy is probably growing about 1% more each year because they don’t have the level of uncertainty the UK has currently”
“The Retail market is in a slow-motion crash due to online growth and online retailers”
“It is in the European Unions interest to do a deal!”
ABOUT THE HOST
Mark Homer is an entrepreneur investor. He has worked with investment since he was 15 years old using the laws of wealth! He is a spreadsheet analyst with an impressive following from major publications including BBC Radio, The Wall Street Journal, The Independent, as well as co-authoring the UK’s best selling property books. Mark has always looked for the best investment vehicle, and at the end of 2007 with Rob Moore the co-founder of Progressive Property his joint portfolio produced more profit than any of the other investments he’d tried in the last ten years, combined.
CONTACT THE HOST
Twitter: https://twitter.com/markprogressive