brexit
Brexit Begins: What are the Areas to Watch for Real Estate?
JLL Real Views | March 29, 2017
by Emily Perryman The long awaited Brexit moment is here. After months of preparation and speculation following June's vote, the UK is finally triggering Article 50 to start the process of withdrawing from the European Union. The forthcoming negotiations over Britain's future relationship with the EU are likely to have profound implications for the residential and commercial real estate markets across the region. While the UK Government has published a White Paper outlining its main Brexit plans, big questions remain over trade policy, environmental regulation, the role of the European Investment Bank (EIB) and the UK's relationship wit...
Facing up to Brexit: How is the UK Faring?
JLL Real Views | September 22, 2016
By Andrew Burrell Three months on from the surprise Brexit vote, fears of Armageddon have receded as encouraging news on the UK economy helps to keep nerves in check. Consumers – many of whom voted to leave the EU – have been spending over the summer, tourists have benefited from weaker sterling and businesses are getting on with the task in hand as the UK government grapples with the complexities of initiating the Brexit process. For all the positive signs, it's far too early to assume Brexit will be plain sailing, says Andrew Burrell, Head of Economics & Forecasting, EMEA at JLL. He outlines how the situation has chang...
Brexit and Travel: The Risks of a Tourism Downturn in Asia
Larissa Lam | August 16, 2016
By Larissa Lam and Daniel J Voellm How will Brexit affect UK Tourism? For several years, the term Brexit has become a household name in not only countries in Europe but also countries around the world, being the withdrawal of the United Kingdom from the European Union. In 2012, UK Prime Minister David Cameron rejected calls for a referendum on membership in the European Union. However, he did not rule out a referendum happening in the near future. Fast forward to 24 June 2016, the people in the UK gathered and voted after a heavily publicised and contested pre-referendum period by both the 'Leave' and 'Stay' camps. In the end, 48.1% of ...
BREXIT: Is the UK Still a Favorite Among Asian Investors?
JLL Real Views | August 16, 2016
by Neasa MacErlean The Brexit vote caused raised eyebrows across Asia but a flow of major private sector deals into the UK from China, Hong Kong, Japan and Korea since then suggests that Asian investors continue to see potential within the country's shores. At least three major transactions announced on and since referendum day on 23 June share the characteristic that one individual in the buying group drove the deal out of strong personal conviction. The £24.3 billion takeover of Cambridge-based chip designer Arm to SoftBank of Japan is the biggest ever Asian investment into the UK and was pushed by the belief of SoftBank founder...
Trend Alert: UK Travel Demand to the US Down as a Result of Brexit
nSight | July 13, 2016
Initial Impact of Leave Decision Shows UK Travel Demand to the US Down 17.9% in June NASHVILLE, TN (July 13, 2016) The world took a collective gasp on June 23 when the United Kingdom voted to leave the European Union. And with a new Prime Minister being named this week, changes in the UK are being watched carefully. Initial impacts of the UK's Brexit decision are already been felt in the travel industry with demand for summer travel from the UK to the US down 17.9%. Initial data was compiled by nSight for European travelers actively shopping online during June for July, August, or September stays in the US. Brexit is proving to influenc...
International Visitors to U.S. Down Even Before Brexit
U.S. Travel Association | July 5, 2016
WASHINGTON (July 5, 2016)—Inbound travel to the U.S. took a sizable downturn even before Britain narrowly voted to leave the European Union and roiled international markets, according to the U.S. Travel Association's Travel Trends Index (TTI). International inbound travel continued to register negative year-on-year growth in May due to factors including a strong U.S. dollar, which will particularly weigh on travel from Canada. Any fallout from the recent Brexit vote will begin to show in August's version of the monthly TTI, which will reflect data from June. The Leading Travel Index (LTI), the economic indicator's predictive c...
