Showing posts with label impact on new york property. Show all posts
Showing posts with label impact on new york property. Show all posts

Friday, July 8, 2016

Brexit's impact on New York property


Two weeks since Brexit and global markets continue to adjust to this new uncertainty.  The pound sterling declined to a 30 year low.  The British and world markets continue their reactions.

Here are potential impacts to New York property as result of Brexit.

1) New York edges past London as top property destination for foreign investors
London and New York property have always been competitors for foreign investment.  Both are regarded as the most prime and secure markets in the world, a safe place for asset diversification.