3898 viewsThe decision to withdraw from the European Union could have an impact on land values over the next few years, says Andrew Black, director of land agent Savills.
He says the uncertainty following the decision to withdraw from the European Union may lead to reducing land values. He said he expected moments of concern and anxiety over the next year or two. Prime Minister Theresa May has indicated that the United Kingdom will give formal notice of its intention to leave the EU by the end of March next year. The subsequent two-year negotiating period would mean the UK leaving the bloc by the end of March 2019.
However, Andrew Black said the benefits of land ownership remained the same. He hoped that land would continue to be seen as a safe haven even if other markets became jittery.
