EU referendum - PwC comments on real estate industry implications

Published at 08:08 AM on 24 June 2016

Craig Hughes, UK real estate leader at PwC, comments on the UK voting to leave the European Union and the impact on the real estate industry:

“Real estate is a capital intensive business and real estate investors do not react well to uncertainty. In recent months we have seen the impact of this uncertainty on the real estate market.

“Over the coming weeks and months, we will be helping our clients gain a better understanding of the likely scenarios arising from the referendum result for the UK to leave the EU. This includes not only the immediate consequences for their operations resulting from exiting the EU, but also the longer term uncertainties arising from political uncertainty, the timing of the submission of Article 50 and the reaction of European officials and citizens.”

Ends


Notes to editors


1. Craig Hughes is available for interviews. Please contact Ellie Raven, PwC media relations, on [email protected] or + 44 (0) 207 804 3663.


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