Safe as houses in uncertain times
American investor Howard Marks once said about investing in uncertain times, “move forward, but with caution”. The past 18 months or so would definitely be regarded as a period of uncertainties and surprises.
From Brexit and Trump to the surprise outcome of the recent UK general election, there is a high level of uncertain times in markets across the globe, and yet UK property remains a safe haven for investors, according to a senior property auctioneer.
James Emson, managing director of Clive Emson Auctioneers, said: “There may be a lot of uncertain times in the world at present, but one certainty remains – there is security in bricks and mortar.
“Despite a political situation that seems to change every day, and one which offers little indication of how things will play out for the property industry as a whole, we go about our business as usual.”
Clive Emson Auctioneers sold land and property worth more than £20m at its latest auction last week.
The firm catalogued 143 lots and achieved a sale rate of 82%, as investors continued to snap up bricks and mortar.
“Indeed, our packed June salerooms have demonstrated the continuing trend set so far in 2017 – that both buyers and sellers realise they get exceptional value and service from Clive Emson land and property auctions,” Emson added.