Brexit Makes Global Property Developer Wary About London Real Estate
- Related CEO says global turmoil pushing investors to U.S. city
- Brexit making developer wary of London’s luxury housing market
Related Focusing on Middle-Market London Housing: CEO
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New York is the world’s most promising real estate market as global turmoil pushes more investors to the U.S. finance and media hub, according to the chief executive officer of developer Related Cos.
“I think the uncertainty around the world is forcing more and more capital here,” Jeff Blau, whose company is based in New York, said Monday in an interview on Bloomberg Television. “From an investor perspective, the market is still solid here. People are buying and moving office space.”