12. THE UK VOTES TO STAY IN THE EU IN A SECOND REFERENDUM
Barring the unlikely event of a crushing win for remain, it is hard to believe that the UK could continue on its way as if they last three years hadn’t happened: The campaign to leave the EU would likely carry on and perhaps with renewed fervour.
If the UK did choose to remain in the EU, whether this is likely to be a good thing for property depends on your point of view on Europe.
For Croft, there would be the relief rally of investors pouring back into the UK, certain once again of the country’s place in the global economic and legal system. It would very much be “as you were” and a return to the positive investment market that characterised the UK in early 2016.
For Brexit supporters like Leslau, it would be disappointment that we would never get the chance to know if a divorce from Europe would boost UK GDP, pulling UK real estate along in its wake.
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