In 50 odd days Britain decides whether to stay in the European Union, leaving overseas buyers wondering what a ‘Brexit’ could mean for the London property market.

If you had asked me at the end of last year about the likelihood of a so-called ‘Brexit’ — Britain departing the European Union (EU) — I would have told you the chances were remote at best. Yet today, with just days to go until the in-out referendum, the polls are closer than many anticipated.

With the official campaigns well underway, public and political opinion remain divided. On the one hand, the Prime Minister, David Cameron, and an unlikely ally in Jeremy Corbyn, leader of the opposition, agree Britain is ‘Stronger In’.

On the other, London Mayor, Boris Johnson, senior cabinet ministers and a number of backbenchers are urging people to ‘Vote Leave’.

With the June 23 vote now looming, uncertainty over the result is also casting doubt on what a post-Brexit Britain would mean for investors. The International Monetary Fund (IMF) asserts a vote in favour of Brexit would disrupt mutual trade and financial flows, while credit ratings agency Moody’s has a different view, arguing the impact would in fact be “small”.

Both sides make a compelling case — so who is right? Moreover, could a Brexit actually be on the cards and — vitally — what would it mean for London’s property market and overseas investors in the Middle East? Either way, my professional view is the result does not change the fact London continues to be a sound, solid investment, whatever the outcome.

Let us start by assuming the votes are in and Britain is ‘out’. Will this prompt a mass sell-off of property in the capital? That is simply not going to happen.

To say that post-Brexit arrangements would be protracted is a monumental understatement. Yet perhaps this is a moot point, because the fundamental truth is that in a matter of supply and demand, the latter still holds sway — and by some margin.

The shortfall is vast and that will not change in June, soon, or even in the foreseeable future. This is why values will continue to rise, by as much as 4.5 per cent a year over the next five years according to some estimates, with tenants expecting to pay 34 per cent more in rent within a decade. The London property market is buoyant and the long-term outlook positive.

Even Euro-sceptics would have to agree with consensus for capital growth.

In addition, even were Britain’s links with Europe to change, London itself is better connected than ever before. Large-scale infrastructure projects like Crossrail are now on the horizon and promise to deliver real benefits.

Transport and transformation, with regeneration rife from city to the suburbs, is revealing areas of untapped potential — and there are big deals to be done.

There are riches to be made at the more affluent end of the market, too. In the E1 postcode prices are up 43 per cent in five years — and it is where the financial clout of ‘The City’ or ‘Square Mile’ means people can continue to bank on London lasting the distance as a solid investment.

Lastly, the smart money is still far better off in London property than any other asset class, be it the stock market, savings account, bonds or oil. So should a Brexit — whether improbable or otherwise — weigh heavily on overseas buyer confidence here in the Middle East?

To my mind, no.

London is still the place to invest in, not opt out.

The writer is the regional director at Fraser & Co.