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Lower prices a draw for Indian realtors
The vote to leave EU increases nearterm risks facing the UK economy. An interest rate cut by the Bank of England is a possibility, as is more quantitative easing.

Chennai
For residential and commercial property, there will be short-term market volatility. Pricing could come under pressure. An outcome of the referendum is that the value of the pound and stock market will fall in near-term. Since business investment is curtailed, a technical recession is high. Exporters and financial services firms will be in the forefront. Lower prices and devaluation of the pound should draw Indian investors keen to acquire assets in UK. London is a favourite for Indian buyers property and it augurs well for investors to make their move now.”
The writer is the Chairman and MD, Knight Frank (India) (P) Ltd
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