Media ININ Economy We Trust
London 25-08-2019
London’s real estate market will lose £ 140 billion in six months if Britain leaves the European Union without an agreement, experts have estimated. It is the strongest property market in Europe and internationally. The Bank of England, for its part, predicted a continued decline in the value of the pound sterling, which will lead the British economy to shrink and investment decline to its lowest level in years.
In the absence of a clear agreement between Britain and the European Union, and the next post-Brexit phase, the ceiling of expectations for the real estate market will remain an important turning point in the real estate market, one of the strongest in Europe and internationally.
Experts say that the depreciation of the pound against the US dollar will revive the market, especially for investors who have a good balance of foreign currency, which may lead to higher demand and then the rise in property prices. .
There are those who see the British financial markets have learned from the defeat and setbacks some positives, and there are preliminary expectations in the market that the government will not proceed without an agreement in the light of recent developments and in the political situation with France and Germany, as well as some precautions.
Some argue that most of the big companies have secured themselves heavily, but the issue will be a huge burden on small companies and the government will face stormy parliamentary sessions that may confuse his plans.
