I am delighted to introduce the seventh edition of The Real Estate Law Review. This edition extends to 35 jurisdictions, and we are delighted to welcome new contributions from distinguished practitioners from around the world. I am very grateful to each and every contributor for their hard work and essential role in the continued success of the Review. Each chapter provides an invaluable insight into key legal issues and market trends in the author’s jurisdiction and, together, they offer an up-to-date synopsis of the global real estate market.
The Review seeks to identify distinctions in practice between the different jurisdictions by highlighting particular local issues. We believe that this offers investors and occupiers and their professional advisers an invaluable guide to real estate investment outside of their own back yard. The years since the first edition, back in 2012, have confirmed that real estate is a truly global industry. Overseas investors are increasingly prepared to look beyond traditional markets and sectors in order to exploit international opportunities as and when they arise. Often, investors need to act quickly and we hope that the Review provides an advantageous starting point to understanding cross-border transactions in the light of the reader’s own domestic forum.
International economic and political instability continues to have a significant effect on the global real estate market. In the UK, Brexit generates uncertainty as the negotiations for leaving the EU continue. However, the continued attraction of UK real estate to overseas investors confirms that each event or development in a particular country must be seen in a global context to ascertain the bigger picture. It is no longer possible to ignore globalisation and view real estate markets in isolation. Brexit notwithstanding, the UK remains a safe haven for investors from around the world and this year has seen record levels of investment in central London from overseas buyers.
In addition to all the distinguished authors, I would like to thank the Law Review team for their tireless work in compiling this seventh edition of The Real Estate Law Review.
Slaughter and May