Last week, Britain shocked the world by voting to leave the European Union. Many nations, including South Africa, are now asking how this decision will impact their economies and markets going forward. With the UK a trading partner to a great number of nations, there is likely to be some effect, even if it is only marginal.

In my opinion, it will be interesting to see how Brexit impacts the South African economy and more particularly the housing market. At the moment, everything is merely speculation as we are entering unchartered territory with no nation state ever leaving the EU. Since last week, there has already been an impact on foreign currency, which has been behaving extremely erratically.

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