World equity markets have shown great volatility in recent weeks, highlighting the stark contrast with real estate. The 10% fall in share markets in the past month shows that global concerns about the economy far outweigh concerns about the impact of Brexit.
There has been a modest decline in the volume of non-UK private capital being committed to UK commercial real estate in recent months. That is no doubt due in part to a perceived increased likelihood of a 'no deal' Brexit. In recent days the mood music has changed and the prospects of an exit deal seem improved. To wait for greater certainty could be to miss an opportunity and of course for an overseas investor who takes the view that the only way is up for Sterling over the next few years, there is an added incentive to invest now.
