Investors are worried about a British exit from the European Union

Investors in UK property are of concern due to the fact that UK real estate will become less attractive for investment if the United Kingdom leaves the European Union. Research conducted by global real estate consultant CBRE shows that the positive mood of the investors would decline for three years, if the UK leaves the EU.

The proportion of people surveyed who believe that British exit from the European Union will not affect the investment climate has decreased from 33% to 21% over the past year. The share of those who believes that this slightly worsens the investment climate, by contrast, has increased from 32% to 46% over the same period.

The referendum on exiting the European Union scheduled for June 23, and investors are hoping that the referendum result will be similar to the result of the referendum in Scotland, when at the last moment, to the surprise of many, and contrary to preliminary polls, the Scots chose to remain part of the United Kingdom.

The main issue of concern to the investor is the question of conservation in the UK financial institutions in the form in which they exist now. It is important to prevent discrimination against the nationals of those countries which are not members of the European Union.

Most experts are inclined to think that the UK’s exit from the Eurozone will have a negative impact on the economy. Meanwhile, estimates of this effect differ. In any case, the sector of the real estate market will change the structure of demand.

The other side is the significantly reduced availability of labor due to the strengthening of migration control. Some sectors, such as construction industry, more sensitive to the influx of foreign workers as they use migrant labor.

The financial services sector is also subject to change in connection with changes in the regulatory environment, as well as in connection with new rules of trade with the EU.

® Alice Morgan. 20.02.2016 G.

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