From Knight Frank’s annual ski property review via FTAlphaville:
The UK’s decision in June to leave the European Union has not led to a sudden market downturn nor have we seen sales in their early stage of negotiation fall through. Vendors across Europe are less reliant on British demand, there is a broader cohort of buyers with new wealth emanating from Asia and the Middle East which is filtering into the ‘lifestyle’ market be it ski homes, vineyards or boutique hotels. Summer is usually a quiet period for enquiries and it will be hard to accurately gauge demand until November but enquiries have remained largely static in July and August compared with the same period in 2015.
But:
The full text of this article is available to MacroBusiness subscribers
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
