The European Union (EU) was established in 1993. In June of 2016, British citizens voted to remove Britain from the trade block. No country has done this before, so there is no precedent. As with any money market, there is fear and speculation. Now that Brexit is a reality, no one can say for sure what the effects of the Brexit move will be. Right now, it means a lot of market instability.

Brexit: does this spell a luxury property opportunity?

Remember back to the 2014 Scottish referendum, where there was a definite slowdown in housing market activity? According to experts, the EU referendum is creating a real division in the housing market for property in London. While this could spell disaster for sellers, it can be a once-in-a-lifetime opportunity for buyers.

As in any unstable money market, some buyers will choose to sit on the sidelines and wait to see what transpires. Others are using the weak Sterling and all of the political uncertainty to cash in on their dreams. And you can, too.

So far, commercial property funds have crashed, and economists are predicting a much slower growth market that would lead to a recession. Could this be good news for luxury property buyers?

Foreign buyers are already seeing a ten percent decrease in UK property values since the EU vote earlier this year. This is because the pound dropped against the dollar, the euro and other currencies. For now, tenant income is holding stable, and your ROI (return on investment) is better than government bonds or many shares.

Seller fears and low pound value = buyer opportunity

Ongoing uncertainty in the housing market will continue for some time to come. There are still ways for the UK to make an agreement with the EU. If Sterling weakens even further, this will definitely spell a great opportunity for foreign buyers. The attraction has never been greater.

Buyers are often looking for a distressed sale, where the seller wants a quick resolution, and buyers have the liquidity to give them the price they’re asking. As it stands, there are many and diverse opportunities for foreign investors.

High-end investors are seeing the Brexit vote as a solid opportunity to buy at “bargain” prices. Now is the time to snap up UK properties, especially those in London. With prices on the way down, the best property opportunities are presenting themselves.

Take for instance, this Double Fronted Detached Home in Park Hill, Ealing, W5. This Victorian home is a dream come true. Totally refurbished, all you need to do is move in. If you’re looking for a gorgeous, luxurious residential property, then you’ll be right at home amidst the charm of its rooms and gardens.

If you’ve had your eye on a stunning farm set in rolling countryside, here’s your opportunity. A beautiful farmhouse with gorgeous gardens, this property hasn’t been on the market for 30 years. Featured is a grade II listed farmhouse, extensive farm building, Sussex barn, and 188 acres of grassland and woodland. This is a location with massive potential.

If you’re looking for a stunning residence in West London, then look no further than this beautifully presented Mews House in Belgravia (UK). In fact, two Mews houses have been combined to create a 5-bedroom lateral house that could be absolutely perfect for your needs. You’ll find an open floor plan throughout, French doors leading into the garden area, private parking spaces, and a garage, all available to enjoy in a quiet part of the Cadogans.

If you’re looking to impress, look no further. This Grade II home in Ennismore Gardens, Knightsbridge (UK) has your name on it. Its beautiful spaces and luxurious setting can all be yours. Just south of Hyde Park, features include six bedrooms, a drawing room, and even your own personal lift.

Despite a definite slowdown, which might concern the luxury property investor, there remain plenty of properties that can be had at bargain prices.

To some extent, falling house prices are welcome in the UK after years of steadily increasing housing costs that have forced many Londoners out of the housing loop. Many large properties are being renovated into smaller flats with all of the charms of the most prestigious addresses.

After all is said and done, there is one appeal no one can argue with – that is London, itself. Properties in London are some of the world’s most sought after. Their attractiveness to wealthy international buyers has never waned. London is geographically and culturally one of the world’s top destinations for travelers and popular with investors. All the signs suggest that there will always be demand for property in the UK, and in London, in particular.