Analysis from rplan.co.uk reveals that activity from UK retail investors in property funds has risen by 900 per cent following Brexit compared with the same period a year earlier, with outflows outweighing inflows by more than 12 times.
The analysis mirrors latest data released by the Investment Property Databank that shows UK property values fell by -2.4 per cent in July. The study found that investor outflows from property funds via rplan.co.uk peaked in the third week following Brexit (commencing 4 July) but dropped sharply thereafter.
Stuart Dyer, rplan.co.uk’s Chief Investment Officer, says: “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, than things could have been much worse without the gating/pricing adjustments.”
