Brexit reaction: ‘It’s all over, but we’re still in love’

Shock, bewilderment and stalled investment sum up the reaction in Portugal to the UK's referendum vote to leave the EU.

“We were shocked, frankly,” said Nuno Nunes, director of capital markets at CBRE in Lisbon. “And we felt a bit like, ‘Why don’t you want to be together with us anymore?’ It’s like we were in a relationship and you said ‘It’s all over’ but we are still in love.”

Nunes added that some inward overseas investment into Portugal, particularly from the US, had stalled as a result of the vote as private equity and hedge funds took “a summer break” to see how the result beds down.

Other News

Greater London’s planning application hotspots

EG has picked out the top eight London postcodes that have seen increases in planning applications. The hotspots, located mainly across outer London, averaged just three… Read more »

E Europe

Blockade means uncertainty for future of Qatari investment

There can be absolutely no doubt about the extent of Qatar’s heavy investment abroad in recent years. Since 2004 the gas-rich Gulf state has invested… Read more »

E Europe

UK owners still dominate London office ownership

Cash from around the world has poured into the capital’s business districts in recent years, but domestic owners still rule the roost. Looking at office… Read more »

E Europe