As the UK continues to figure out what it will do in the light of the Brexit vote and surprise snap election results, investors in the country’s real estate continue to fret over the uncertainty around the country’s prospects. But with these risks come opportunity, and being home to some of the most idyllic and sought-after waterfront properties in the world, it is worth us looking at what lies in store for the astute buyer with a discerning eye for truly breathtaking homes that we know can likely command a sustainable premium to weather the clouds of doubt that continue to hang over the country.
Waterfront property in the UK has been relatively positive over the past 18 months. Demand for top-rated waterfront homes continues to be strong, largely because the threat of Brexit is dampened by seekers of such homes as they search for quality living and are often willing to pay top dollar for that, meaning localised or even national political and economic risks will be limited for these often global citizens. In fact, a weakened pound becomes a plus factor to boost demand or at least keep it strong. As a result, waterfront properties continue to carry a premium, in some cases as high as 85% for those right by the coast (e.g. in the Southwest) over those just slightly inland.
This story is from the Issue 20 edition of PALACE Magazine.
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This story is from the Issue 20 edition of PALACE Magazine.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
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