After the Brexit deal, where has real estate ended up?
With the dust now settling on the Brexit deal, we’ve updated our analysis of its effect on UK real estate. Our new report looks at the detail of the actual deal, and early evidence from its implementation, across trade in goods and services, and labour and capital markets.
It forecasts Brexit’s effect by property sector, in both the short and long term, including coverage of logistics, retail, office, residential, hotels and hospitality.
The uncertainty created by Brexit has generally been bad news for UK real estate to date. But with certainty returning to the UK market, the longer-term picture is more balanced. The effect of Brexit now depends very much on how the UK government, and UK firms, respond to the challenges and opportunities it presents.
Of course, Brexit is not actually fully settled yet. A range of grace periods, transitional timelines and unfinished business mean that some sectors of the economy, notably financial services, are still (at least partly) in the dark about what Brexit means for them. We set out the future timetable in our report.
For the full range of CBRE’s Brexit analysis, visit our Brexit homepage here.