According to a recent article by Forbes, the big news out of U.K. last week—the Brexit vote for the U.K. to separate itself from the European Union—might have an affect on investors in the U.S. multifamily market. “The Brexit could decrease the value of British real estate, at least in the short term, as the United Kingdom attempts to first negotiate its way out of the EU, then seeks new trade deals on its own. That could send British speculators looking for someplace safe to spend their investment pounds and shillings, and the United States has one of the most attractive apartment markets in the world, according to Axiometrics’ economists.”
Read more on this story at Forbes.com.
From:: Property Management