A I R S h a r e

A Workforce Globalization Blog

Brexit's Latest Impact on London Housing: The Brexit Clause

Mar 18, 2019 @ 02:00 AM / by Zach Rossignol

Passengers waiting in London

London Housing Market

London has registered eight consecutive down quarters in real estate sales. Though the decline is not entirely due to Brexit, the continued uncertainty surrounding Brexit has shaken the confidence of many potential investors and home-buyers. Conversely, the lettings market remains stable, if not competitive, with demand above the available housing supply on the market.

'Brexit Clause' for Lease Agreements

I conducted our recent London survey in November of 2018 and one of the most interesting items that our real estate sources discussed is the prevalence of a “Brexit Clause” in leases. These clauses allow tenants to move out early with no penalty if their residency is suddenly drawn into question due to an immigration issue raised by whatever Brexit deal is signed.

All real estate sources I spoke with agreed that whether it’s a soft or hard Brexit, everything has the potential to change. Most projections indicate that regardless of how it is executed, Brexit will undoubtedly weigh on economic growth and the real estate market, both sales and rentals.

  


What are the 10 best places to live and work in 2019?Trending now:

What are the 10 best places to live and work in 2019?


 

Effective Employee Relocation Planning for Brexit and Beyond

AIRINC will continue to closely monitor all Brexit developments and will be on-site next in May of 2019. If you’d like to learn more about our latest thoughts on Brexit and international business, please download our White Paper, Effective Employee Relocation Planning for Brexit and Beyond:

Download!

 


Access a free trial subscription of our top-selling product, the Assignment Cost Estimator!

Free trial access:

Accurately plan for employee assignments with the Assignment Cost Estimator (ACE)!


 

On-site Insight and AIRLinc

This post is taken from On-site Insight, AIRINC’s in-house global mobility blog. On-site Insight provides AIRLinc subscribers with an exclusive “behind-the-surveys” insight into new and existing expatriate locations based on commentary and photos from our global research team. Included is information on general living conditions as well as changing costs for both goods and services and housing and utilities, along with much, much more! To find out more, click here. 

 


Become a member today and gain access to our global mobility education portal!Become a member to gain valuable insights!

Global Mobility Insights for your Inbox


 

Topics: Housing, On-site Insight, BREXIT, United Kingdom, Insights and Experience, London, International Housing Guide, Housing Assessment Tool

Zach Rossignol

Written by Zach Rossignol

Zach joined AIRINC in the summer of 2013 as a Data Analyst & Surveyor and for the past three years, he has thoroughly enjoyed gallivanting about the globe, meeting with realtors, and collecting prices for cost-of-living analyses for our clients.