Bengaluru: Along with the world, the upheaval over Britain’s vote to leave the European Union is also being felt in the city, especially among people, including students, travelling to the United Kingdom.
“All industries will get impacted as free market access would go away, treating London would be different. The real estate sector, which was witnessing a sustained growth for years, would also be in question,” said Om Ahuja, CEO-Residential, Brigade Group. London's real estate market was one of the most stable markets, but now with the exit it would also be in question. “More EU citizens would look for other alternatives to London. In fact the student housing market would also be impacted,” Ahuja added.
As for people visiting UK Madhavan Menon – Chairman and Managing Director, Thomas Cook (India) Ltd said, “Currently travellers need separate visas for UK and Europe and this is unlikely to change anytime in the foreseeable future. Our various businesses at Thomas Cook India, including the foreign exchange business, remain fully hedged.” He however said, “We will witness widespread changes in the currency trade for the short term and expect that the market will settle down and currencies will eventually find their own levels.”
However, the Brexit is not expected to have any impact on the healthcare sector. “Most of the healthcare in UK was driven by UK systems. If at all, there will be a positive benefit for doctors in UK, as it would open more opportunities for them,” said Dr Sudarshan Ballal, Chairman, Manipal Hospitals.
