Fears that the Dutch could follow the British out of the European Union exit door could have a dampening effect on the commercial property market, experts have told the Financieel Dagblad.
Research by the Eurasia Group has found that the Netherlands and Austria are seen as the most likely nations to hold referendums on their EU membership following Brexit.
That could lead to potential’ buyers inserting ‘Nexit’ clauses in buyers’ agreements, allowing them to back out if voters reject the EU, or abandoning potential deals altogether. ‘Nobody will invest in the Netherlands if they think it’ll be our turn in two years’ time,’ said Wendela Raas, partner at law firm Boekel.
The latest weekly survey by Maurice de Hond suggests that support for leaving the EU has fallen sharply in the wake of Brexit. De Hond found 52% of Dutch voters were now against Nexit, compared to 46% before the UK’s referendum, while 40% are now in favour, down from 43%. The margin in favour of staying in the EU has swelled from three points to 12 in three weeks.
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