England's exit from Euro 2016 was disappointing but quick; uncoupling Britain from the EU will be a much more complex and lengthy affair. We now have to make a decision as to how much the exit vote will affect the property and housebuilding markets. That's simple. In the short term, the key question for all investors currently nursing a combination of shock and burnt fingers is this. Shall we stick around and look for a bargain in what could be an oversold market, or shall we crystallise the gains we made when we bought into real estate a couple of years ago? At first glance, the latter seems to have been the preferred route.