London property: more reasons to buy and hold than sell even with Brexit

AS the pound seesaws amid Brexit uncertainty, what does it mean for Asian investors?

In the four months following the decision by the United Kingdom to leave the European Union, we have seen jittery financial markets and doubts about the future trajectory of UK, and particularly London, residential property markets.

British Prime Minister Theresa May confirmed this month that the UK's official divorce from the EU will begin by the end of March 2017, a move that triggered the pound to drop to historic lows against some currencies. While the extreme volatility of the early days has now moderated, the medium term outlook remains uncertain as both sides prepare for mammoth negotiations leading up to a likely 2019 exit. As a result, many Asian investors with residential property in London are wondering what the best course of action is: get out, hold on or invest more.