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The chances of a Brexit still appear low, but the stakes are high. The polls show that a growing number of the British want to turn their back on Europe.
‘A Brexit would put pressure on commercial real estate investments’Glazener is also avoiding British real estate for the time being. “A Brexit would put pressure on commercial real estate investments if London is threatened with losing its role as Europe's financial center. This would also have an impact on residential real estate. And eventually on local banks, which would see the size of their mortgage portfolios decline. What's more, these banks would feel the pain of a contracting British economy in the event of a Brexit scenario.”
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