As US investors wait to see how the new presidency will affect the commercial real estate market here, some are looking overseas for more opportune places to put their money. Many are eyeing the United Kingdom. The UK property market, especially in the greater London area, has long been a top destination for capital from overseas. Caused by the recent Brexit vote, economic and social instability has impacted the local currency and real estate prices, potentially making it a good time for foreign investors to get in on the UK market.
Of course, investing in foreign real estate markets brings its own set of challenges. In order to effectively manage risk, investors must understand local nuances and regulations that could affect their deal. If you’re considering purchasing (or lending on) an asset located in the United Kingdom, how do you analyze the property from an environmental standpoint? What are the relevant environmental regulations that exist in England, Scotland, Wales and Northern Ireland? Can you perform the environmental due diligence to US standards, or are there specific UK or European Union standards to which the assessment must be performed?
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