Investors in the UK are increasingly focusing on traditional asset classes such as property in the wake of an uncertain landscape after Brexit and snap national elections, according to a report by peer-to-peer lender Kuflink.
Nearly 34% of the respondents opined that the exit of UK from the European Union has affected them more than any other event in their lifetime. Millennials and investors in London were found to be more inclined towards this view.
The recent snap general election was found to make some investors further cautious, with 38% saying that they would wait until the upcoming election on 8 June 2017 to make further investment decisions.
Investors were found to favour ‘safe-haven’ investment classes in this landscape and 30% of them said that they favoured property investments due to its perceived strength.
Also, 26% of investors said they would invest through P2P platforms if their investment was secured against traditional assets such as property.
Kuflink CEO Tarlochan Garcha said: “Today’s research has underlined the faith people place in property as an investment vehicle, with a huge number of investors gravitating towards this safe haven asset amidst the uncertainty caused by Brexit and the approaching general election.
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By GlobalData“There is undeniable investment value in retrospective data and historical evidence to support the strength of any investment class. For this reason, I have great faith in the resilience and strength of the UK property market and take confidence in the fact that UK investors agree.”