American investors use slump at UK’s real estate market as opportunity to buy, Bloomberg writes. Some of them do not believe that the country’s exit from EU will significantly hurt financial industry and economy. Even though pound lost 11% since the referendum, slowdown was not so dramatic.

Meanwhile, local investors pull the money out of expensive office real estate objects of London, while Standard & Poor’s warned last month that risk of Brexit with no-deal grew as well as recession risk.

Not only Americans invest money on this pessimistic mood. Israeli company Alony Hetz Properties & Investments Ltd. invests 340 million pounds into Brockton Everlast, which will buy and develop offices in London.

Shares of foreign investors at office real estate market of London was 74% as of end of August compared with 67% in 2016. About 15% of deals this year was made by investors from North America. Last year this share was 10%. Half of investments in 2018 come from Asia.