Chris Urwin: Brexit's profound consequences for UK real estate

Last week's vote in favour of the UK leaving the European Union has profound consequences for the country's real estate market. While uncertainty caused by the poll has had little effect on domestic real estate pricing this year, investment activity has slowed. This has not been exclusively caused by referendum fears - it largely reflects greater investor caution as the market reaches the top of the cycle. Nevertheless, the vote to leave suggests there is now little hope of any bounce in sentiment. Indeed, it may be many years until we have clarity on the UK's constitutional arrangeme...