Brexit effect hits commercial property market

July 21, 2016

The commercial property market is having to deal with a drop in confidence and investor demand after Brexit , according to Q2 UK Commercial Property Market Survey by the Royal Institute of Chartered Surveyors (RICS).

The RICS highlights in their headline: ‘Sentiment significantly dampened by Brexit vote’.
Investment demand falls sharply with London seeing the most pronounced decline.
Increasing share of respondents across the UK now feel the market is in an early downturn phase.
Twelve month capital value and rental projections move into negative territory.

In the survey they also mention: Whether or not the adverse hit to sentiment is a knee-jerk reaction that will unwind as the result is digested, or the start of a more prolonged downturn, remains to be seen.

To read the (RICS) Q2 UK Commercial Property Market Survey in full click here

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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