A welcome market correction.
UK property stocks and real estate funds suffered as news from the referendum rolled in. While some investors rushed to withdraw their money, causing several funds to suspend redemptions, most investors have been far more level-headed in their reaction. Stability has started to return and according to Stephen Barter, Chairman Real Estate Advisory, KPMG in the UK, the Brexit decision led to a welcome correction for UK real estate, both residential and commercial.
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