Investment Bulletin 2017 CoStar UK Investment Bulletin – Brexit Survey Question Title * Are you feeling more positive about the performance of UK commercial property markets in the wake of Article 50 being triggered than in the aftermath of the EU Referendum vote on 23 June 2016? Yes No Question Title * Is the uncertainty caused by EU exit negotiations the greatest challenge to the performance of the real estate sector in the next 12 months? Yes No Question Title * Do you expect commercial property prices to rise, fall or remain stable over the next 12 months? Rise Fall Stable Question Title * Which commercial property sector is most likely to be harmed by Brexit? London – offices Rest of UK – offices London – Retail Rest of UK – Retail Industrial Question Title * Which commercial property sector is best placed to weather any economic headwinds created by Brexit? London – offices Rest of UK – offices London – retail Rest of UK – retail Industrial Question Title * Has global investment sentiment towards UK commercial real estate become more negative since the Brexit vote? Yes No Question Title * Will London lose its position as Europe’s leading financial centre to another location because of Brexit? Yes No Question Title * The CREFC Europe questionOverall, do you think the Brexit negotiation period is likely to see: A - Credit flows to UK and European (ex UK) CRE fall B - Credit flows to UK CRE fall but credit flows to European (ex UK) CRE rise C - Credit flows to UK CRE rise but credit flows to European (ex UK) CRE fall D - Credit flows to UK and European (ex UK) CRE rise E - Credit flows to UK and European (ex UK) CRE remain stable Done