More than half of major global institutions expect to slow or stop their UK investment following Article 50, according to KPMG.
Its survey of more than 60 investors with a combined real estate portfolio of $600bn (£464bn) showed Middle Eastern investors were least likely, at 29%, to continue to invest in the UK. More than two-thirds of North American investors said the same.
LISTEN: Andy Pyle, head of real estate at KPMG, explains the survey’s findings.
Investment from the Middle East fell by 47% to €1.8bn (£1.52bn) between 2015 and 2016, according to BNP Paribas Real Estate.
The UK was still preferred by Middle Eastern and Asian investors.
