According to global ratings agency Standard and Poor, the UK will ride out the current economic uncertainty after Brexit and come out on the other side being even more attractive to international investors.
Standard and Poor do not believe there will be any severe long-term economic implications following Brexit and are confident that the short-term weakness of the pound has created a significant opportunity for investing now at a lower cost of entry.
UK economists have been well prepared for the effects of Brexit and Standard and Poor have stated that the long-term economic outlook for the UK looks strong and, in the short-term, there are opportunities for international investors to take advantage of the lower pound and pick up some post-Brexit bargains.
The devaluation of the pound acts as a ‘shock absorber’ for the current implications and ultimately it boosts exports and makes the London Stock Exchange more attractive for overseas investors.
By 2018, Standard and Poor fully expect the UK economy to have recovered and be in a state of growth. In the meantime, there are excellent opportunities for overseas investors to pick up properties at a cheaper price, enjoy strong monthly rental yields, and achieve good capital appreciation once the UK economy has recovered from the current uncertainty.