Ramifications of a Brexit in Asia - UOB

Analysts at UOB Group noted ramifications taking place over fears of a Brexit.

Key Quotes:

"Ahead of the Brexit referendum in June, many Asian investors eyeing the UK property market have opted to temporarily withhold their investments, Channel NewsAsia reported Tue."

"According to figures provided by JLL, transaction volumes for residential property in the UK totalled 10.4 billion pounds in 1Q16, down 32%y/y from 15.4 billion pounds in the same period one year earlier.

Commercial property similarly saw a 35% on-year decline in transaction volumes."