UK property markets 'still resilient' despite ongoing Brexit nervousness

Demand for commercial property remains 'firm'

Calum Bruce, manager of the £237m Ediston Property Investment Company, has said demand for UK commercial property from both domestic and overseas investors is still strong and yields remain "firm", despite volatility and increased nervousness surrounding the UK's exit from the European Union (EU).

The manager, who looks for value and mispricing within the market, said there will always be catalysts for change, such as geopolitical uncertainties like Brexit, but these also provide opportunities. He said: "Brexit will definitely have an impact on the property market. It is inconceivable to think it would not. "I think the consensus is that central London will be hit the hardest, which will likely seep into the rest of the UK in some way. But there will always be businesses that need offices. Opinion: Why investors should be cautious onproperty trust IPOs "Even as flexible w...