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What would a ‘no deal’ Brexit mean for the prime sector?

 

Prime Resi – journal of luxury property published a comment from our CEO Alisa Zotimova in the article about Brexit

 

 

From our perspective as a buying and investment consultant, it’s mainly about reassuring potential overseas clients that London and the UK will remain a safe choice for investment. On the whole, despite some initial jitters they have remained unfazed since the referendum vote and continue to despite growing concerns about a no-deal. We can’t see that changing, especially if the performance of sterling remains weak  – which is hardly bad news for foreign investors.  

 

The prime market has been facing pressure for years now, mostly due to burdensome stamp duty measures, so it’s just another obstacle that we are going to need to deal with and overcome. History has showed time and time again that there is always a period of concern or resistance around any significant change, followed by that hardy British notion of ‘just getting on with it.’ It will be business as usual for us

 

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