Housing market safe from Brexit

UK HOMES: Safer than commercial real estate.

A SURVEY of top property developers and experts from across the UK has found that the industry is getting weary with inaction and indecision over Brexit. Conducted by the IB Times, it offered an interesting insight into how the top dogs in the industry view the referendum and its potential impact. Among the chief desires were that Brexit be a quick and clean affair as a long complex, drawn out affair would only stifle the residential property market and lend more uncertainty to investors. Guarantees from the government for future investment to counteract any negative impacts from Brexit would be appreciated and not to be trapped half way between a hard and soft exit. Some appreciated a future lack of restrictions from the EU regime and most were at pains to note that residential growth has little to do with EU membership. Of more importance is the small matter of building enough homes to meet demand and preventing more first time buyers from being frozen out of the market. Commercial real estate on the other hand has more to fear from a hard Brexit, which would impact the movement of skilled labour and frighten multinationals to Frankfurt.

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