Britain set to top Europe’s property charts again

The UK's domestic property market is set for a quicker recovery than previously expected, putting Britain on track to reclaim its title as the top destination in Europe for international real estate investors. The property market tends to track the health of the wider economy, and analysts at CBRE predict that the British economy will grow by 7.7% this year, followed by 6.6% in 2022. Previously, they had expected 6.7% and 5.9% respectively. CBRE's Miles Gibson commented: “The resolution of Brexit is one thing and the other is that it is now much clearer what our path out of the pandemic will be.” Before Brexit, the UK was the go-to destination for overseas real estate investors but it fell behind Germany shortly after the referendum. “Now that those uncertainties have been resolved, we expect that, once again, the UK will overtake Germany as Europe’s biggest real estate investment destination,” Gibson added. 

The Times (12/07/2021)