Recent data shows that buying of so-called alternative or specialist property has increased following the vote to leave the EU, which knocked the real estate market the hardest. Investors have turned their attention to alternative property such as student flats and health centres, favoring their reliable tenant base and long leases over retail property and offices.
Alternative properties saw a 13 per cent rise in demand in July, accounting for 16 per cent of total UK property investment in the month. According to figures released by CBRE, total returns for office and retail property fell 3.7 per cent and 3.2 per cent respectively in July, while returns from "other" assets (hotels, hospitals etc.) were down 1.4 per cent.
At Beavis Morgan, we have extensive experience in advising individuals and businesses on all aspects of the property market. We act for a broad range of property investors and developers who actively need advice on how to best structure their property deals, both to ring-fence and protect their property assets, as well as to minimise the tax arising from their business operations.
For further information about how we can help you with your property ambitions, contact Steve Govey or your usual Beavis Morgan Partner.
