The uncertainty created following the UK’s decision to exit the European Union is likely to continue until the country completely untangles itself from the continent, according to Susan Emmett, a director in Savills Residential Research team.
Whilst speaking at the ASTL annual conference earlier today Emmett was asked if “the uncertainty around the decision to leave the EU would wane as people became more accustomed to the situation?” by Jonathan Sealey, CEO of Hope Capital.
Emmett warned that the “uncertainty is probably here to stay” following the move however the amount that it will be felt varies depending on location.
She said: “The effects of Brexit are felt less acutely outside of London. People have either shrugged it off or are relatively happy with the situation as they voted to exit.
“As people keep reminding me more people voted for Brexit than not. Regionally the effects will be felt a lot less than in London.”
Emmett was speaking at the ASTL conference at Painters Hall, London.