Brexit Vote Roils Real-Estate Markets
Posted on Jun 30,2016
By The Wall Street Journal
Brexit Vote Roils Real-Estate Markets
 
The effects of the U.K. vote to leave the European Union are starting to ripple through property markets as investors pile out of publicly traded real-estate companies in Britain and Europe and global developers begin to reassess projects and transactions already in the pipeline.

Listed companies have lost tens of billions of dollars of value amid growing fears of slack demand for office buildings, hotels, stores and other property in a less-integrated Europe. Weakening credit markets, meanwhile, are likely to hamper deals in the industry, which relies heavily on free-flowing debt.

The news isn’t bad for all property owners. While London’s commercial and residential markets are likely losers because the city is expected to shed jobs, office and residential landlords in other cities—such as Frankfurt, Paris, Dubai and Singapore—could benefit if companies relocate operations there, according to analysts and developers.

Top industry players say it likely will take years for the full impact to be felt in property markets.

But opportunistic investors already have begun to circle, remembering well the outsize profits fast-moving buyers made in the aftermath of the last two recessions. “Turmoil is an opportunity,” said Hamid Moghadam, chief executive of Prologis Inc., Europe’s largest owner of industrial space.
Other Property News
 Plans for London’s tallest office tower could be scrapped after Brexit vote
Listed on Sep 14,2016
By Propertyinvestortoday
Plans to build the tallest office tower in the capital could be abolished as London’s office market remains under threat following the UK’s decision to leave the European...
+Readmore
U.K. Real-Estate Funds Question Redemption Strategies Post-Brexit
Listed on Sep 12,2016
By My Property Search
The U.K. vote to leave the European Union whipsawed capital markets all through the world; however the butchery got so awful in the business sector for open-finished U.K....
+Readmore
Government abandons plans to privatise Land Registry
Listed on Sep 09,2016
By Mortgage Introducer

A move to privatise the Land Registry has been abandoned by the government.

The department, which was created in 1862, holds more than 24 million titles showin...

+Readmore
House price growth slows in September – Halifax
Listed on Oct 10,2016
By My Property Search
Residential property costs kept on cooling in September as the property advertise relaxes, with the most recent information from Halifax uncovering that yearly picks up e...
+Readmore
UK government urged to encourage growth and more house building
Listed on Sep 14,2016
By My Property Search
With the quantity of new homes being worked over the UK still essentially underneath the level expected to take care of demand, intensifying the nation's housing emergenc...
+Readmore