THE head of Knight Frank Research, Liam Bailey has released the following statement in the light of the US Presidential Election:

“The US Election Result creates challenges and opportunities to global property markets. While there is some uncertainty regarding the economic impact of President Trump's policies, the US will remain the critical global source and destination for property investment flows.

“There may be a period of instability in currency markets, which will influence some short term decision making around asset allocation. However, rather like the Brexit vote in the UK the surprise of last night's result will be likely to be replaced by a more considered view of the implications of the new presidency.

“It is important to remember that almost alone of all developed economies the US has largely shaken off the impact of the global financial crisis and has led the way to improved economic growth. The business environment in the US and innovation in business services and technology providers based in the US have helped to drive property market demand globally - it is an incredibly strong platform to build from.”