Paring financial risks when buying UK property
A pound-denominated loan provides a natural currency hedge and greater leeway when things don't pan out as planned.
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NOTHING rattles markets like uncertainty. Investors get nervous when they are unable to assess the impact of an economic or political development. Often their immediate reaction is to either sell or put their investment plans on hold. This is true for almost all kinds of assets, including real estate.
Brexit - the UK public's decision to leave the European Union - has created an environment of short-term economic uncertainty. There is still no clarity at this point on when the UK will officially apply to leave the EU, how long the process will take nor how the negotiations will pan out.
The immediate post-Brexit impact has been felt in multiple ways. In the short term, the UK stock market tumbled and the pound weakened to a new 31-year low - signalling the beginning of uncertain times.
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