Two thirds of Property Week readers expect commercial property values to fall by more than 5% this year if no Brexit deal is agreed and a third expect values to fall by more than 10%.
If a deal is agreed, just 28% of readers who responded to our online poll expect a fall in values of more than 5%.
However, readers are pessimistic about the prospect of a deal. Some 43% said the most likely scenario was that the UK would leave without a deal and 14% said they thought Brexit wouldn’t happen.
The poll also revealed that readers were more downbeat about Brexit’s likely impact on real estate than they were a year ago.
Just 20% said they were more optimistic, 20% said their view hadn’t changed and 60% said they were less optimistic.