Let me say up front I don't invest in property (other than my primary residence) nor do I invest in REIT's - however I just want to open a conversation here around property investments and REIT's since the advent of BREXIT. The Sensational Slimes this weekend carried many opinions of the impact of BREXIT on prices of homes in Britain, Property Developers (Capital and Counties was mentioned) and that they expect prices to fall off quite considerably over the next few months until solutions are found on the actual exit of Britain from the EU.
Those forumites who are involved in property investing could you give your opinions as to whether there is going to be a correction in housing prices, and even property development.
A reality down the road could well be that British companies with offices in Europe may be forced to/may decide to close these offices and move the staff back to Britain, however if the staff are local then they may well not relocate. It could also go the other way whereby these foreign countries deny the British company from buying/hiring office space in their respective countries - thus forcibly closing the foreign office. I don't know that it is going to get that nasty but it is a scenario that could occur.
This could potentially be an opportunity to buy a home in Britain if prices fall substantially, but then again looking at the Tour d France and some of the landscape the cyclists are riding through (especially France) their quaint villages look very tempting
