Before and after the Brexit there was an enormous amount of negativity surrounding the UK. There were huge fears over the economy, property, importing and exporting. Politicians and financial advisors seemed to paint a very bleak picture. But have things turned out exactly how they were predicted? Realistically it is too early to tell, however, early signs are somewhat positive since the referendum in June.

UK property is still heavily sought after

Global investors are still interested in UK property. Unfortunately, this property is primarily narrowed down to London, however, it’s still a hotbed for buyers. There were concerns that the Brexit would see the end of the huge up rise in London property values. But Chinese investor interest went up by around 30% to 40% increase on the current 2016 average. These investors see London as a ‘long term project’ having great faith in the UK economy coming out of the Brexit even stronger than when it went in.

Low borrowing rates have been a major factor in attracting new buyers. Shortly after the referendum the UK’s benchmark interest rate was at a record low 0.5% the lowest it had been for seven years. The massive potential on return on investment, is another huge pull. London is completely in a league of its own compared to the rest of the UK, with London rental properties offering a 15.7% to 19.9% yield.

Drop in pound might do more good than bad

Although a huge drop in the value of the pound, will have undoubtedly upset most UK residents. It has helped the economy as a whole.

The devaluation of the Pound, has completely reinvigorated the nation’s competitiveness on a global scale. It has Increased exports and domestic businesses serving foreign clients. Although there is still some possibility for a recession, the outlook could be much better than expected. This is easily visible in retail sales across the UK since the Brexit. Things haven’t dropped off at all, with people seemingly unafraid when it comes to spending money, TSB commented that the lull was barely even ‘visible’.

Apart from the impact on trade, other struggling economics within the UK will be boosted by the drop in Pound. Hopefully there should be a drop in inflation, which has been an issue for some time now. Data relating to consumer prices showed that despite a month over month decline in CPI by -0.10%, on an annualised basis, the headline figure rose 0.60%, marking the fastest pace since November 2014. While still shy of the Central Banks inflation target of 2.00%, it does show the good progress which is being made, which will further be aided by the accommodative monetary policy measures, which are implemented by the Central Banks.

The problem was never really population spending, however. Advisors were mostly concerned about the immediate aftermath, which was due to cause uncertainty and nervousness surrounding potential investments.

Since the dust has settled slightly, and timelines have been established, things have improved. So far the UK has mostly been able to avoid a catastrophe post Brexit. On the outset depreciation of the pound might seem like bad news, but it could help pave the way for a more positive economy, without EU legislation possibly holding the nation back.