Seems to imply that tech could be seen by investors as a safer bet than property in UK, an interesting about turn for one of the newest business lines compared to one of the oldest
Pi Labs is clearly also influenced by the direct impact on the real estate industry. The last week has seen some panic seep into the sector with the closing of various open-ended property funds. Yet, our research and feedback tell us that investors had become circumspect about the pricing in the UK property market well in advance of the Brexit vote. Many felt that the market had become overheated with the influx of foreign capital and as such they had become sellers, not buyers. Indeed, a number of these investors have chosen to invest with us to switch their focus from real estate to tech, albeit with a close nexus to their core sector.