
Wouter Neven
Real Estate
Public & Administrative Law
Energy
Real Estate Developers & Investors
wouter.neven@lydian.be
+32 (0)2 787 90 82
Since real estate law in general is typically governed by the law of the domestic jurisdiction (or in Belgium regional authorities), it is not greatly influenced by European law. As a result, legal formalities remain largely untouched by Brexit, both in the United Kingdom (UK) as in European Union (EU) Member States.
However, with the Trade and Cooperation Agreement now concluded between the EU and the UK, the following implications will arise:
As a consequence of Brexit, companies vested in the UK may also decide to move jobs out of the UK, which might in turn lead to an increased occupier demand for offices in Belgium, since the correlation between jobs and real estate is direct.
From a commercial point of view, we note that the 2016 referendum had an impact on the UK property market, but overall the market continued to perform well. Concerns about Brexit have now largely been subsumed by the impact of covid-19. We note that Brexit has now been priced into the market and focus has shifted towards the impact of covid-19.
Our dedicated Lydian team is ready to assist you with any questions you might have regarding Brexit.
Contact us with all your questions on brexit@lydian.beReal Estate
Public & Administrative Law
Energy
Real Estate Developers & Investors
wouter.neven@lydian.be
+32 (0)2 787 90 82