Clark added that while uncertainty will persist across property and other asset classes until the UK’s exit strategy from the EU is finalised, institutions such as the Bank of England are doing their upmost to ensure the smoothest transition possible.
“The work done by The Bank of England since 2008 has ensured we have strong financial institutions that are proving to have withstood the shock of Brexit, with banks in particular still lending and thus providing a vital ingredient to maintain liquidity in the commercial real estate market,” Clark explained. “Therefore, this is not a Lehmans moment, although uncertainty will be at the forefront of investors’ minds until the UK’s exit strategy and terms of trade are agreed between the UK and Europe.”
