By a majority of 52-48 the British people voted to unfriend the European Union and block the centralised command network in Brussels. Markets reacted to the Brexit in a wild selloff. The UK will inevitably face a difficult time dealing with political and economic uncertainties. Investors will begin to seek out safe haven assets, as the Brexit may be interpreted as the beginning of the end for the EU.
The Australian property market is likely to benefit from the chaos in Europe, being perceived by investors as a safe haven with robust returns derived from rental income. In this report, Trident Real Estate Capital examines the profound impact of the Brexit on global markets with a particular emphasis on real estate. Perhaps the Brexit presents an opportunity for Australia to shine as a destination for new foreign investment.Download PDF