City Of London
Brexit Discount to Help UK Real Estate Weather Market Storm
- UK will be Europe’s best-performing market, AEW predicts
- Forecast is for five years from 2023 and covers 168 markets
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The Brexit vote may offer a silver lining for UK commercial real estate.
The UK will be Europe’s best performing real estate market over the next five years because UK property yields are less vulnerable to rate hikes than continental peers, according to a report published Thursday by AEW, which managed 87.8 billion euros ($91.5 billion) of property at the end of June. That’s because properties in the UK have been trading at a discount compared with European peers since Brexit and that’s created a buffer.