Due to Brexit, many business sectors in the UK will have to review and rethink their geographical business strategy. An exciting time lies ahead for the European real estate world, with a number of changes on the horizon. We are here to help you navigate the German real estate market as an independent and successful real estate partner, even in times of BREXIT.
BREXIT & the real estate market: An uncertain future
BREXIT is here and bringing uncertainty in many areas. How will it affect the economy? What does BREXIT mean for Germany and what will change for EU citizens? Will bankers move from London to Frankfurt? More and more questions are being asked by the general public. The real estate market is also affected by the changes and uncertain future brought about by Brexit: in London, real estate prices have fallen more sharply than at any time in the last six years! On average, prices fell by around €29,000. These figures clearly reflect the caution of the population!
Will Frankfurt become the new London?
London is the central hub for the European financial market! At least for now, because Brexit could mean that the UK loses its "EU passport" and with it the license to continue operating from London. In that case, thousands of jobs would be outsourced to other EU countries. Frankfurt would be at the forefront. However, it is still unclear whether a special arrangement can be reached to avoid the outsourcing. For Frankfurt, however, it would be a win, as demand for office space would skyrocket, boosting the real estate market and driving up rents.
Regional partners create trust
In times of change, it is always good to have someone you can rely on, trust, and who will help you. This applies to many areas of life, whether private or at work, or even in the real estate market. Our team at Larbig & Mortag fills this important role: you can rely on us—that's a promise! Whether in the areas of investment, office leasing, retail, or gastronomy, we are always available to assist you in the Cologne, Bonn, and Leverkusen region. You can also find us nationwide through the NAI Apollo network. We are your independent and successful real estate partner, even in times of BREXIT on the German real estate market.
