'Weaker pound may spur UK luxury real estate after referendum' - CNBC
- Date: 28/06/2016
On Wednesday, the CEO of BLP Insurance, which specialises in property, highlighted that the decline in sterling versus euro would make construction materials from Europe more expensive.
"Coupled with the uncertainties of access to free movement of labour and the fact that London may not prove as attractive a location to financial services businesses should we lose our passporting rights, there is a considerable challenge to the continued growth of residential and commercial construction sectors in the U.K.," Kim Vernau said in an emailed statement on Wednesday.
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