Majority Of UK's Financial Advisors Unruffled By Brexit Vote – Survey

Amisha Mehta

5 August 2016

Almost two-thirds (64 per cent) of independent financial advisors in the UK believe that the momentous Brexit vote will have a positive impact or no impact at all on their business or their clients, according to a recent poll by . Meanwhile, secondary markets are more exposed to negative impact, weaker demand and price corrections, the firm noted.

In addition, some of the cities competing to attract a share of banking sector activity, such as Paris, Frankfurt, Amsterdam, Dublin and even Madrid, may see some positive effects on their office occupational and investment markets.

“As no country has left the EU before, the Brexit implications are still unknown. We expect investors to return to quality focusing on prime markets and assets benefiting from the stability and favourable returns of the prime European real estate sector,” said Eri Mitsostergiou, Savills' director of European research.