UK’s withdrawal from EU may affect property prices
UK’s possible withdrawal from the EU after the June referendum can seriously undermine the real estate market. First of all, London could be affected most since there are a significant number of former EU residents. According to a survey conducted by CBRE among British investors, 60% of them believe that the EU withdrawal cam have a negative impact on the investment climate of the country, primarily on the long-term investments which include real estate. Experts say that the investment market will be affected too. Now, London is one of the world's major centers where people flock from all over Europe, there is the headquarters of major corporations. ‘Brexit’ will affect office market and industrial real estate as well.