Autore
Epasto, SimonaTitolo
Real Estate Market and Foreign Investment Flows. Could Brexit Enable Redistribution?Periodico
Geoprogress journalAnno:
2018 - Volume:
5 - Fascicolo:
2 - Pagina iniziale:
51 - Pagina finale:
59Foreign investment in the real estate market has been growing steadily in the UK
economy for more than 20 years, to the point of creating the inverse problem of
emptying the central districts, a direct consequence of the wealth effect generated by
the overvaluation of the currency. This leads real estate developers to leave their own
space empty rather than rented, with the aim of increasing the instrumental value of
the property, giving up the progressive profitability of the asset and causing damage
to the real economy, due to the decrease in available real estate assets. While there is
a positive correlation between property prices and the current account, the long-term
effects of Brexit could lead to a loss of attractiveness of the UK as a preferred location
for real estate investments and cause a decline in foreign flows in the real estate market,
opening the door to a crisis in the sector, the resilience of which is already being tested
by the closure of several investment funds. Through the analysis of sector variables
and related geopolitical and geo-economic issues, the work constitutes an attempt to
outline the possible scenario of redistribution of foreign investment flows in the real
estate sector and the development prospects of the main European countries and
capitals potentially affected by their reallocation.
SICI: 2384-9398(2018)5:2<51:REMAFI>2.0.ZU;2-7
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