Signs Brexit is hitting commercial property prices

The video discusses the halted construction of 22 Bishopsgate in London, initially delayed by the financial crisis and now facing uncertainty due to Brexit. It highlights the impact of Brexit on real estate, with many deals being paused or canceled. The video also covers market reactions, noting a drop in commercial property prices and the closure of investment funds. Experts suggest that while Brexit amplifies existing issues, it is not the sole cause. The video concludes with economic predictions, emphasizing the difference between a market correction and a crash.

What was the initial reason for the delay in the construction of the skyscraper at 22 Bishopsgate?

• Lack of funding

• Environmental concerns

• Financial crisis

• Brexit

What is a 'Brexit clause' in the context of real estate contracts?

• A clause that allows for a price increase

• A clause that requires additional insurance

• A clause that permits contract termination or pause

• A clause that mandates immediate payment

Which of the following was NOT mentioned as a consequence of Brexit on property deals?

• Introduction of Brexit clauses

• Deals being put on hold

• Increase in property prices

• Cancellation of major sales

What was the immediate effect of the Leave vote on commercial property prices?

• Prices remained stable

• Prices increased by 10 to 15%

• Prices fell by 10 to 15%

• Prices doubled

According to the transcript, what is the difference between a market correction and a crash?

• A correction leads to a crash

• Both are the same

• A correction is a significant drop, while a crash is a minor adjustment

• A correction is a minor adjustment, while a crash is a significant drop