Brexit: what this means for Real Estate
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.