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Good news for agents right now maybe. UK plc, not so much. Increased foreign ownership means increased quantum of rents flowing from UK balance sheets to foreign ones. We're now "importing" our office space so worsening the, already worrying, balance of payments. Some foreign activity is good to help "grease the wheels" when domestic money is sticky, but the current market feels more like a worrying trend than some minor lubrication. The exchange rate flip side means it's much more difficult for UK institutions to purchase offices in Hamburg, Paris and New York and readdress the balance.

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