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The referendum debate in quotes

Robert Noel, Chief Executive of Land Securities
"We believe a vote to leave the EU would lead to business uncertainty while negotiations take place on an exit treaty. Over the short term, we anticipate this would drive down occupational demand in our market. This would lead to falling rental values and a reduction in construction commitments, particularly London. So an exit could be painful for the property industry and those it supports."

Jeremy Helsby, Savills Group Chief Executive
"We expect the UK residential and commercial investment markets to be subdued, for the former, as stamp duty reforms take effect and, more generally, in the run-up to the EU referendum."

Colliers International
"Most of the business and investment world would agree that a period of great uncertainty will follow any vote to leave the EU...This will impact both occupier and investment markers - a short transactional pre-referendum hiatus will give way to a short-to medium-term disruption."

Pro-Brexit public letter from leading business figures
"It is business - not government - which generates wealth for the Treasury and jobs for our communities. Outside the EU, British business will be free to grow faster, expand into new markets and create more jobs. It's time to vote leave and take back control."

Pro-remain public letter from leading business figures
"Business needs unrestricted access to the European market of 500m people in order to continue to grow, invest and create jobs. We believe that leaving the EU would deter investment and threaten jobs. It would put the economy at risk. Britain will be stronger, safer and better off remaining a member of the European Union."

CBRE
"The impact of Brexit to Central London retail would also be less significant since historically this sector's rental performance has been influenced by tourist spend and global retailer activity rather than domestic demand."

Alex Chesterman, Co-Founder of property website Zoopla
"We have benefited from access to both capital and talent as part of the EU and leaving would create both economic and political uncertainty, which could have a material impact on our currency, borrowing rates, house prices and wider consumer prices."

 

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Email: bh@boodlehatfield.com

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