August 3, 2016 / 6:31 AM / 4 years ago

BRIEF-Moody's says Brexit vote to negatively affect UK commercial real estate market

Aug 3 (Reuters) - Moody’s

* Foresee any negative investment sentiment from Brexit to impact secondary quality property

* Anticipate new UK-EU trade agreement, UK GDP growth of 1.8% in long run, average UK commercial real estate values to decline by up to 10%

* Expects central london office market to suffer greatest initial impact due to large presence of financial and professional service companies

* Brexit vote to negatively affect uk commercial real estate market

* Expects credit consequences will materialise over medium term, depending on time frame as well as outcome of negotiations between UK and EU Source text for Eikon: nMDY6wbq1W (Bengaluru Newsroom +91 80 6749-1130; within U.S. +1 646 223 8780)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below