Brexit: what this means for Real Estate

Posted by Stephen Solomons on
Real Estate markets, whether commercial or residential, always prefer certainty.

The last few months have led to a slow-down in transactions while people await the outcome of the Referendum. In some recent cases, transactions have been entered into with options to determine depending on the result of the vote, and those agreements may now be determined. Now that we know that the Leave vote has won, we still expect to see the Real Estate markets to pick up rapidly. Banks are still in the market to lend on the right product and there is a large amount of private equity cash available for property transactions. There may be some weakness in areas involving prime offices if companies start relocating their HQs.

About the Author

Stephen is an experienced Property Lawyer, advising on all aspects of Commercial, Industrial, Residential and mixed-use developments as well as acquisitions, disposals and management. Stephen is based in London.

Stephen Solomons
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