Commercial property transactions reached a nine year high of 127,280 in the year to April 30 despite the uncertainties around Brexit, European peer-to-peer secured lending platform Lendy has found.
Lendy said the UK property market is the most liquid in Europe, while the plummeting value of sterling since the Brexit vote on June 2016 has made the market even more attractive to foreign investors.
Liam Brooke, co-founder of Lendy, said: “The attractiveness of the UK property market for overseas investors has continued, shrugging off the threat of a crash in sales after Brexit.”
“The number of commercial property sales has risen significantly, reflecting how the fall in the value of sterling has provided investors with a window of opportunity to make the most of the booming property market.”
“Considering all the fears around Brexit it is a strong showing and illustrates that investor confidence is resilient.”