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Euro Promises Mixed Blessings for UK Property Owners

LONDON-Any move by the UK to adopt the euro would have short term benefits for the property sector, but in the longer term it could increase market volatility, a joint seminar of the European Real Estate Society and the Society of Property researchers was told.

By Graham Parker | Updated on March 27, 2002

LONDON-The euro could be a mixed blessing for UK property, a joint seminar of the European Real Estate Society and the Society of Property researchers was told. Joining Economic and Monetary Union would bring short-term benefits to property owners, but in the longer term it would lead to increased volatility in demand for property.

The seminar heard that if the Euro were adopted tomorrow, it would be extremely beneficial for UK investors. By European standards the UK property market is relatively transparent, liquid and landlord-friendly. European investors would pile in to the UK market and yields would fall as a result.

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