French real estate can benefit from the BREXIT Result

brexit french real estate news

Brexit note: The French real estate market in particular in Paris may get a boost from the results of the vote by the majority of UK residents to leave the EU.

Several international banking institutions in particular those from the US namely JP Morgan Chase, Goldman Sachs, Bank of America, Citigroup and Morgan Stanley have started to investigate moving their operations out of London, England to several locations including Paris.

If this does indeed happen this will mean that some of the money from the banks employees will most likely be spent now in the Paris real estate market instead of the London real estate market.

Brexit could be good news for French real estate.

Read the source article here in the Financial Times.