Jeff Blau

Brexit leading to uncertainty in London: Blau Related is developing some 13K resi units across the pond

Big Ben and Jeff Blau

The Related C上海夜网

ompanies’ Jeff Blau is circumspect on London’s luxury real estate market as the U.K. gets ready to break from the European Union.


ainty is bad for business, and Brexit has created uncertainty,” the company CEO told Bloomberg on Monday.

The company, which formed a joint venture to develop approximately 13,000 residential units targeting the city’s middle-market, has “cer爱上海同城手机版

tainly” seen a drop in prices for luxury London homes, Blau said.

London’s 爱上海

residential market has declined sharply from near-record highs amid an atmosphere of higher sales taxes and concern over Brexit. Sales of London homes under construction plumm爱上海同城手机版

eted last year to their lowest level since 2012, and there is a record number of unsold properties, according to the research firm Molior London.

New listings fell 14 percent in January from a year earlier as sellers got more skittish. [Bloomberg] – Rich Bockmann

Tags: brexit, jeff blau, Related Companies
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