The Brexit vote has proved a shock to the property industry. Deals are slowing, commercial property investment is falling, high-end homes are struggling to find buyers and developers – including the large housebuilders – are putting their plans on hold.
If in the wider market gloom is threatening to take hold and some are fearing a sharp slowdown, in the private rented sector (PRS), the mood is very different. Leading PRS players are not just bullish – some even say the sector will benefit from the uncertainty generated by the referendum outcome and any Brexit-induced slowdown. But how valid is this optimism?
Source: Property Week, 29/07/16 – click to read full article.