One of the reasons of Brexit is the desire to reduce the flow of migrants. But as investors are now quickly pulling money out of local funds, the best properties can occure in the hands of foreigners. The weak pound enormously increased the purchasing power of foreign investors.
Not long ago, the leaders of the 7 funds with the property, which is estimated at £18 billion, have stopped the auctions due to this circumstance. Aberdeen Asset Management sells commercial office space in West London and a retail store on Oxford street, the most passable shopping street in Europe. Henderson Global Investors are looking for a buyer for the property within walking distance from the famous Buckingham Palace.
And while Brexit is booming in the property sector, the British national currency, dropped to a minimum mark over the past 30 years, gives serious grounds to assume that the demand for promising assets in the UK will remain high.
Based on the materials of independent.co.uk
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