Arcadis’ Head of Commercial Development, Mark Cleverly, commented: “The market volatility we’ve seen as a result of the Brexit vote is, perhaps ironically, going to re-open the luxury property market to overseas investors, as several of our clients have already reported a bounce in enquiries following the referendum.
“This influx of investment coming into the UK could boost British construction again in the future as well as giving a shot in the arm to the Treasury through increasing stamp duty receipts.
“For a market that, in some areas, has been stuttering for some time due to ongoing stamp duty hikes taking the steam out of buyer demand, the buying opportunity presented by recent events could be a big plus.
“More buyers means a more buoyant market which can only be good news for the industry.”
It is an ambitious statement, especially considering what is happening throughout all UK industry following the Brexit, but it certainly paints a rosier picture for Construction than much of the doom and gloom that is being predicted in other areas.
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C-Link – Optimism In Uncertain Times