UK retail investors’ activity around property funds has risen by 900% following Brexit compared with the same period a year earlier, with outflows outweighing inflows by more than 12 times, according to analysis by rplan.co.uk, the online investment platform.
The analysis mirrors the latest data released by the Investment Property Databank that shows UK property values fell by -2.4% in July.
Investor outflows from property funds via rpan.co.uk peaked in the third week following Brexit (commencing July 4) but dropped sharply thereafter.
Stuart Dyer, the company’s chief investment officer, said: “Self-directed investors pulled out of property funds in droves following Brexit, which would have played a role in driving down commercial property prices. But our data suggests that gating was actually quite effective – or rather, that things could have been much worse without the gating/pricing adjustments.”
Credit: CoStar
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