We surveyed leading figures across the international property industry to find out and understand their views on the future of real estate in the UK.
Our survey of global real estate investors at the recent RE-Invest Summit at MIPIM 2017 (an annual international property event), revealed that 46% intend to continue with the same level of investment in UK property post-Brexit. However, attitudes do vary hugely by investor, according to origin of capital, investment strategy and their own view on Brexit. Of the remaining respondents 44% said that their organisation is likely to slow down investment, while just 10% said they expected to stop investment altogether.
Many private and overseas investors view Brexit as an opportunity, due to the cheaper pound and less competition from other buyers.
Overall 2016 UK transaction volumes were relatively healthy and significantly higher than some predicted.
We found that 30% of investors do not believe Brexit will have a material benefit on any other city. London is expected by many to remain a global financial centre regardless of Brexit – the factors that make London attractive are not going to change overnight.
Read the full Global real estate investors take a position on Brexit Britain. (5 minute reading)
KPMG has launched a state of the art digital platform that enhances your experience and provides improved access to our content and our people, whatever device you are on.