Brexit uncertainty continues to damage UK market
Demand for UK property has further slipped in the second quarter of 2019 due to the continued negative effect of Brexit uncertainty on confidence in the country’s economy.
BrickVest’s latest commercial property investment barometer, which captures the views of over 6,000 international professional real estate investors, shows that only 27 percent of them view the UK as their preferred market — a 4 percent fall in the past 12 months.
Appetite for UK real estate among German investors fell to 14 percent, down from 19 percent year-on-year, while in France it slipped to 10 percent, almost half the portion (19 percent) from a year ago.
The barometer, whose latest results were published on 18 July, also shows a sharp fall in the projected volume of assets under management (AUM) investors are planning to deploy into real estate over the next 12 months. Overall, investors expect to commit just 2.5 percent of their total AUM, a 33 percent fall on their planned allo