According toEmmanuel Lumineau, CEO and co-founder of BrickVest (the commercial real estate investment platform), there is a positive outlook for London post-Brexit. He believes that London will remain the no.1 home for tech and real estate talent, that Brexit will have a minimal impact on the fintech sector which is unaffected by physical borders and that post Brexit, London remains the no 1 home for tech and real estate talent.
“Following the Brexit vote in 2016 we feared an exodus of tech and property talent from London so we set about expanding our Berlin office. In fact the opposite has happened and our London office has quadrupled in size and now comprises 12 different nationalities. In contrast, our Berlin office has remained the same size and we’ve struggled to find the right people. From where we’re sitting London’s reputation as the centre for tech and property talent has remained undiminished.”
Brexit and fintech
“Brexit has had minimal impact on the fintech sector, which is global in nature and unaffected by physical borders. Likewise, the ‘tech language’ hasn’t been affected by Brexit but the attractiveness of London as a fintech centre has remained as strong as ever. In the past two years we’ve attracted talented tech professionals from an ever widening pool of countries and London remains a huge draw as a place to live and work.”
Brexit has accelerated BrickVest’s evolution
“Leaving the single market will create new regulatory hurdles and new trade licenses will need to be agreed. But this plays to the strengths of businesses like BrickVest, which thrive on delivering new solutions to complex problems. It’s no surprise that against a Brexit backdrop, the UK proptech sector has grown dramatically as it’s proved its ability to identify opportunities and innovate during a time of additional complexity and uncertainty. BrickVest wouldn’t have grown as quickly in the last two years without Brexit as real estate investors have been much keener to embrace new tech-enabled products rather than relying on the status quo.”