| While Europe is bouncing back, Brexit is casting a shadow on the UK’s commercial property market, says Investec UK’s CIO.
In an interview at the recent #InvestecWealth Forum in Johannesburg, Chris Hills, Chief Investment Officer, Investec Wealth & Investment UK, said that the European commercial property market is recovering thanks to stimulus from the European Central Bank. The lack of clarity around Brexit could reduce UK growth forecasts and therefore negatively impact commercial property values, says Hills, but conversely weakening sterling could make the UK, particularly the London commercial property market more attractive to international investors. Get all the insights from the Investec Wealth Forum here: http://bit.ly/2Ad8AT1 |
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