Domestic End-Users Spooked by the Brexit Drama

profitaddaweb.com-The foreign bank freezing loans for buyers and some investors pulling out of commercial deals due to the britian's decision to leave the European Union have hit the property sector over the past week.

Some foreigners,however,are already making the most of the drop in the pound post-brexit to snap up what they see as residential bargains.

Singapore's United Overseas Bank temporarily halted mortage loans for London Properties.Other Asian Banks also flagged potential investment rsiks.

Britians's June 23 vote to leave the EU has already caused the government to collapse and deeply divide the country.

British commercial real estate investmnet volume reached 10.7billion pounds in the first three months of 2016, a 28 percent fall versus the same period a year ago and its lowest quarter since the second quarter of 2013,according to june research from real estate services firm cushman & wakefield.