Nick Talbot, CEO of International Valuation Standards Council (IVSC), considers the Brexit effect on the value of commercial property and the impact on accounting
Four months after Brexit, the only certainty is uncertainty, something which some investors dislike, and where some investors see opportunity. It is likely that this environment is going to last for quite a few years as politicians desperately try to unpick the challenges we now face.
In the world of commercial property, two important but conflicting factors currently at work when it comes to investment decisions are uncertainty over the outlook for the UK economy, which is leading some investors to be a little more cautious in their commitment to new projects, and the depreciation of the pound, leading some overseas investors to see an opportunity to acquire sterling assets.