Brexit: Implications for real estate | KPMG | UK

Brexit: Implications for real estate

Brexit: Implications for real estate

A welcome market correction.

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Chairman Real Estate Advisory

KPMG in the UK

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Real Estate

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.

 

Highlights

  • Demand for UK property from foreign investors remains strong
  • The spread between property yields and risk-free government bonds is the widest it’s been in years
  • Lower construction activity is helping correct serious under-capacity and skills shortages in UK.

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