Everyone is focused on how the UK’s exit from the European Union. In particular, how will affect the stock market or interest rates or the economy? But how will Brexit affect you as an agent and real estate? According to Suzanne Mulvee, director of research at CoStar, a commercial real estate analytics company, in this article on the Scotsman Guide, “We’re probably going to see more foreign capital push into the safe haven that is the United States.”
Furthermore, Deloitte forecasts that Brexit will have a positive impact on the US commercial real estate sector. Unquestionably, investors will want to look for more stable investment opportunities in the face of volatility driven by change.
Though some see the long-term effect with less certainty. Whatever the result, this is an indicator of long term shift in the global economy. Though the article references other major cities, I believe little ol’ Austin is still hot. First and foremost, we have seen a lot of foreign investment here and in the rest of Texas. What are your thoughts? Are you thinking about investing in real estate? Feel free to contact me for a complimentary consultation about financing an investment property to visit over a strategy that will work for you.