I met with a Director of a large regional finance, investment firm yesterday. She had been talking with one of the big investment houses in London about what they see as the immediate impact on UK's decision to leave the EU.
Somewhat surprisingly they highlighted that they expect the weakness of the pound to attract a lot of far eastern investment into the country. This may take up to a year, but of particular note would be high end residential development in the South East.
Not great news if you are a commercial developer / building product manufacturer, focusing efforts elsewhere in the country, but it is nice to share some positive news all the same!
Arcadis is predicting a post Brexit property boom in London as sterling continues to devalue. The consultant is taking a contrarian view to more pessimistic observers predicting a downturn in the market as uncertainty delays decisions. Arcadis experts believe the falling pound will lead to an influx of foreign investment which “would provide a timely boost for the UK construction sector in the long term, particularly if increased competitiveness is also matched by government funding for infrastructure, helping to underpin confidence in the new build sector.”