Yesterday we saw that the latest Halifax Housing Confidence Index took a battering over the last 6 months - is the UK press talking the UK property market into a downturn with negative coverage of Brexit?
We have seen this happen time and time again in the UK. Nine times out of 10 the market bounces back as investor often see this as a buying opportunity but this time, well I am not too sure. Talk of a no deal is actually correct because the UK needs to let the EU know that it wont sign a deal just for the sake of it. But a no deal is the more uncertain of the options potentially on the table. Markets hate uncertainty!
If there really is nothing to worry about re: Brexit then the professional real estate investors will be buying on the dips at some point. Keep a close eye on house price confidence figures as they should give an idea when sentiment is turning.
It is all about the risk/reward ratio - even the most bombed out asset will hit a point when this ratio turns more in favour of reward than risk.