BREXIT – is it important?
Some feel that the idea of inward investment into the UK would be affected by Britain’s exit from Europe. According to leading funds they believe Brexit would be more risky over rewarding. In the news on the weekend it is largely stated that this single event is going to have the most powerful influence in the UK to the property industry in particular.
What is going to be key for us all is the 23rd June 2016 and almost equally important the time and uncertainty until this date arrives.
As far as commercial property is concerned in London Victor Harris have noticed that rents especially in Mayfair appear to be reaching levels that could be seen at the peak. There are a number of buildings that are now quoting rents amounting to £120.00 per sq ft even. The questions are is this sustainable and could rents be affected by BREXIT.
Only time will tell…