Over the past few years, the property market has opened up to investors from all walks of life. No longer is property investment solely the remit of the wealthy and privileged. Today, investment in property comes from small, local investors who are part of a group, new landlords that have entered the buy to let (BTL) market, to the high end property market.
When the UK voted to leave the European Union in 2016, the British public split into âLeaversâ and âRemainersâ.
Further divisions stemmed from those who advocated a âsoft Brexitâ, which would see the UK retain close ties with the EU, and those who wanted a âhard Brexitâ, where Britain would seek greater independence from its European neighbours.Those who favour a hard Brexit argue that it will give the UK back its national sovereignty, leaving the country with absolute control over its borders, laws and trading arrangements.On the other hand, many fear that a hard Brexit will lead to unfavourable trade relationships, which could leave the UK in economic and financial disarray.But is this likely to happen, and what will the situation actually look like if it does?
Letâs take a look at the current state of the Brexit negotiations and examine the impact of possible outcomes on the British economy.
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