Property firms expect Frankfurt to win big from Brexit

Frankfurt

GERMAN property firms expect a boom in Frankfurt as financial businesses move activities and staff out of London in the wake of "Brexit", an industry survey showed on Monday.

A majority of 72 per cent of respondents believed that financial centre Frankfurt - rather than rivals Dublin, Paris, or Amsterdam - would gain the most from Britain leaving the European Union, the study of 555 firms by consultants Ernst & Young (EY) found.