Surprisingly for some, while Brexit led to a world of uncertainty, economic overhauls, and sweeping changes to the future, it - like most change - created new opportunities.
And Uma Rajah, CapitalRise CEO, saw how Brexit impacted the luxury real estate market of the country firsthand.
That uncertainty specifically is what has set the tone for the UK - especially London. Rajah says, "Uncertainty causes people to sit on their hands and not transact."
But a general election that brought Conservatives to the majority created a window. To the frequent international, and potential, investors, "London was on sale," Rajah said.
Her takeaway: Brexit's consequences on the pound's value can definitely be a boon for those interested in London property.
This week's funding and investment roundup starts in Germany, where immowelt (part of the Aviv Group) has closed its third...
Read More
This week's People Roundup starts in Singapore, where nearly 200 people have lost their jobs at PropertyGuru... Asia: PropertyGuru...
Read More
This week's (vast) Product Roundup starts in Brazil, with yet another GenAI tool launch... Latin America: QuintoAndar introduces GenAI-powered...
Read More
The U.S. real estate giant CoStar has made an all-cash offer to purchase the Australian number two portal Domain, worth...
Read More
