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Eversheds comment: Only certainty will cure post Brexit real estate price funk

  • Europe
  • Global
  • United Kingdom

    26-07-2016

    Commenting on news that Capital & Counties Properties Plc has written down the value of its land holdings in London’s Earls Court district by 14 percent, Bruce Dear, head of London real estate at Eversheds, says:

    "This Brexit price funk may be overblown, but only certainty will cure it. The government will need to explain what type of Brexit it wants and how to get it. Ultimately, real estate purchasers will only open the buying bag when they know what brand of Brexit is inside."

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