'˜Soft Brexit' could be a boost for region's property market
Henrie Westlake, head of Knight Frank’s office in Leeds, said that he felt it is now clear that the preferred outcome for a future UK trade is one based on regulatory alignment.
Mr Westlake said that if the direction of travel continued to point towards a soft Brexit, we would expect more investors to look at UK property.
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Hide AdHe said: “The Brexit process has inevitably dampened our economy in 2017 due to the sheer uncertainty it has created.
Overall, the Phase One Brexit deal will in the short-term have a positive but limited impact on the economy, and the commercial property market.
“However, both the economy and the real estate market in Yorkshire can now see expectations on the long-term outlook begin to gradually improve if more evidence emerges confirming that a soft Brexit is probably going to be the final outcome.”