Brexit effect on the real estate market english: escape from the funds and speculation

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The output of Britain by the European Union, commonly known Brexit, is causing the English real estate market crisis, including the luxury sector, in some ways similar to that of 2007. The "bank run" in the aftermath of the referendum has forced many global investment company, leader in the management of real estate funds such as Standard Life Investments, Aviva and M & G, to freeze the shares. The resolution, have informed the Company, has been taken for the benefit of investors, to avoid having to liquidate a real property assets quickly and at bargain prices. "Extraordinary market circumstances," as the statement of Aviva, have led to the colossus a lack of immediate liquidity of 1.8 billion pounds. M & G Investments has found itself having to cope with a total of redemption requests amounting to £ 4.4 billion: more than 5 billion euro. Other companies have followed the example of the three big and others threaten to do so in the near future. Management companies have also written down already by 5% mutual fund assets due to downward estimates of the commercial sectors of the British housing market. Currently dominates the uncertainty, but this situation could conceivably push capital managed by European asset managers to new destinations such as Germany, France, Spain and Italy. If the "bubble" should actually break out and resubmit the same conditions of the great crisis of 2007-2008, would witness rather to a collapse of the housing market to 40%. Already in the immediate post referendum house prices fell by 5.5% across the UK as well as nearly 20% of the requests have collapsed, with the exception of Scotland, where he recorded a boom of applications by English from all over the UK. Even the luxury segment, usually less sensitive to price fluctuations, the effect seems to be currently affected brexit and local traders believe more than likely that the value of residential luxury tent still come down in the near future.

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