Brexit a warning signal to US instability

Brexit is a “warning signal” to New York, with the US presidential election characterised by “similar forces” that could see uncertainty spread across the Atlantic.

Carl Weisbrod, the chief city planner for New York, warned that the anti immigration and anti globalisation sentiment which led to Brexit are “bubbling up” in the US and threaten to destabilise the investment market of New York which has always “marched in lockstep” with London.

Speaking from New York’s 7 World Trade Centre, a panel of US investors and real estate leaders tried to interpret the shifts in the London and New York investment markets after Brexit and the impact on the “best city relationship in the world”, the headline topic of the Estates Gazette event, held in close partnership with the Department for International Trade and Savills,

The event was supported by Silverstein Properties, Wiredscore and BDO Global