deVere Group has cancelled all of its UK property investment projects due to the ongoing heightened "economic upheaval".
In a statement released today (3 October), deVere said it will temporarily close its property investment division with immediate effect, owing to increased inflation fears that it said will lead to more aggressive rate hikes in order to combat rising prices. Mini Budget threatens UK credit rating James Green, deVere Group investment director, said the group had become "concerned" about the availability of credit, which could lead to an "imminent drop" in property prices, and would be "temporarily suspending all property investment projects" as a result. This follows the news that l...
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