Valuation after Brexit uncertainty. - JS Reakes
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Valuation after Brexit uncertainty.

1st July 2016
Thomas Rasche MSc. B.A. B.Arch.
Jon Reakes MRICS RICS Registered Valuer
Brexit aftermath
The Brexit referendum, held on Thursday 23rd June 2016, and subsequent result for Britain to leave the EU, has brought uncertainty. Immediate impact is visible politically and economically. At the time of writing, the political fallout includes the Prime Minister David Cameron resigning with a subsequent Conservative party leadership race and the Labour leader Jeremy Corbyn facing resignations and no confidences. Economically, Mark Carney, the governor of the Bank of England immediately announced preparedness for economic stimulus. Interest rates are now expected to remain low for longer than previously thought and set to possibly even lower values. The markets immediately reacted with a sharp drop in the value of equities, most hit were banks (RBS Market Cap dropped 35% after the result), property companies (British Land Market Cap dropped 34%) and construction companies (Taylor Wimpey Market Cap dropped 25%). Since the initial drop, some have trended slightly up, others down, with considerable volatility. …………….

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