Nearly two years ago, we took a broad look at the real estate market and pointed out the uncertainty over valuations generated by a possible (then) vote to leave the EU. Our view at the time, which we shall repeat, is that life goes on, and that property values will continue to be fundamentally governed more by the various factors that influence what remains a highly diverse sector rather than by any temporary hysteria over Brexit. And indeed, the health of the real estate sector remains inextricably linked to the health of the economy, which has been far more resilient than politically-motivated pre-Brexit warnings suggested.
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