VIDEO: Here’s how Brexit could affect NYC real estate

London's loss could be NYC's gain

On Thursday, the citizens of Britain voted to leave the European Union, which left global markets reeling. The value of the pound dropped to its lowest since 1985, and the FTSE took a steep dive.

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But it may not be bad news for all. New York’s real estate market could benefit from the economic and political turmoil caused by Brexit.

Check out the above video to find out more on how Brexit could effect the city’s residential and commercial real estate markets.

For more videos, visit The Real Deal’s YouTube page.