Post Brexit Observations
Property Search

The preceding months leading-up to the Referendum Vote on 23rd June, were very quiet in the local commercial property market. The phones stopped ringing as people were waiting to find out how the vote would go. Now in the third week following the result, business seems to have returned with 5 viewings in 3 days this week resulting in 4 proposals being issued. 3 other unrelated valuation instructions have been awarded.

Our reading of the situation is that the rapid actions of the Conservative party to put in place plans for the next stages, has replaced some confidence, particularly for the domestic economy. We are expecting the rest of the year to return to normal.   

14/7/16

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