Both equity and debt availability for UK property will be hit hard as a result of leaving the European Union, according to Situs RERC’s latest real estate report.
Although two-thirds of respondents to the survey said Europe’s market is not healthy, there was an expectation that Brexit will have a positive impact outside the UK in the coming year, particularly in terms of transaction volumes.
However, when asked whether investors should buy, sell or hold property in Europe, selling was the most attractive recommendation in every region. Buying property was seen as the least attractive option, especially in the UK and Germany.
Nevertheless, private rental sector and industrial assets in the UK continue to look attractive, with respondents ranking them among the best sectors in Europe for return relative to demand.
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