Booming property auctions lift Brexit gloom in British real estate



* Buyers undeterred by Brexit's economic chills
* Falling yields reflect robust demand
* Overseas interest rises following sterling's fall
By Carolyn Cohn and Sinead Cruise
LONDON, Oct 16 Commercial property auctions are proving an unlikely bright spot in Britain's real estate market where a steep drop in sterling has attracted overseas buyers and local investors are as yet unfazed by potential fallout from Brexit.
Britain's 900 billion pound commercial real estate market was an early victim of the financial market turmoil that followed Britain's vote in June to leave the European Union.... read more

 
16 October 2016 in World News, Views: 37
Source: Reuters
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