Despite the political and economic backdrop, investors still see UK commercial property as a safe haven – for the time being.
Theresa May’s vision of Brexit will challenge the resolve of overseas lenders to UK property, but how many will be deterred?
International banks and financial institutions are making “worst-case” preparations to move up to 20 percent of staff overseas in anticipation of the UK’s withdrawal from the European Union, the chairman of the City of London’s policy and resources committee has warned.
Andrew Antoniades of CBRE explores what the UK’s EU referendum vote means for development finance.
Why, when a market is on the slide, its longer-term outlook shrouded in uncertainty and the risks around it mainly on the downside, would you decide to stick your money in anyway?
“We made an investment just a few months ago before Brexit happened. I was pretty nervous. No one knows what Brexit means; there is no detailed agenda and a lot of uncertainties. But when we were underwriting the risks, we still believed London will remain a metropolitan and important city. The fundamentals will not change overnight,” said Stanley Ching, head of Real Estate Group at CITIC Capital Holdings.
There’s something potentially extremely challenging coming down the line, but it’s very slow-moving: indeed, some would say the movement is imperceptible. So what do you do?
Currently able to secure 10-year funding at little more than 3%, many borrowers are looking to lock in cheap rates. Lauren Parr reports
A short period after the UK’s historic Brexit vote, Real Estate Capital gathered together four leading market professionals to talk through the consequences – and gain some insight into what the future may hold. Andy Thomson was taking notes
More than two months have passed since the UK took the historic decision to leave the European Union. We canvassed reaction to the Brexit vote from within the property finance industry. Daniel Cunningham reports