Theresa May’s high-profile speech outlining her stance on the Brexit negotiations is likely to have a wide-ranging impact on all sectors, as investors plan for the impact of a ‘hard Brexit’.
The property sector in particular will be looking for suggestions as to what Britain will look like post-Brexit, with investors possibly putting off buying until there is more clarity.
Agate Freimane, Senior Investment Director at online real estate investment platform BrickVest, said of Theresa May’s Brexit plan:
“Theresa May’s announcement on the UK potentially leaving the single market will be well received by opportunistic investors in the UK and European real estate market and it will undoubtedly trigger more buying and lending opportunities.”
“Through our online real estate investment platform, we’re seeing strong demand for UK real estate, especially in the form of debt like investment opportunities which offer good risk adjusted returns in a volatile market environment.”
“Within real estate, we are likely to see the highest level of volatility from the office sector. Many of the international firms currently headquartered in the UK may put on hold any decisions over their long term office space requirements. If the UK no longer gives these firms access to the European market, they may need to spread their staff across multiple locations to more efficiently access both the UK and the European market.”
