Brexit Will Help You Keep It Real, Investors
Some data to ponder for those moments when that stuff you own doesn't behave like a bond.
This article is for subscribers only.
No one knows, of course, what awaits the U.K. in the aftermath of Brexit. But investors and analysts are already anticipating one fallout: a steep drop in U.K. real estate prices.
The fear of a correction in U.K. real estate is wreaking havoc on open-ended U.K. property funds. Investors want out of those funds, but there’s only so much liquidity to go around. For one thing, fund managers can’t just snap their fingers and turn real estate into cash.