Commercial property market set for Brexit buffeting



Britain’s commercial property market could undergo a “short sharp” adjustment as uncertainty mounts during the Brexit negotiations, a new report has suggested.
The study, by M&G Real Estate, said capital values could fall by as much as 10 per cent, but any drop would be short-term.
It said anecdotal evidence suggested overseas buyers were looking to take advantage of the slump in the value of the pound to 31-year lows.
READ MORE: Fears over ‘hard Brexit’ push pound to 31-year low
“Indeed, Brexit appears to largely be a domestic concern, with overseas investors continuing to target the... read more

 
5 October 2016 in Business, Views: 43
Source: Scotsman
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