As the in or out vote for Britain over Europe and membership of the EU gains pace and nears its climax, it’s worth considering the possible implications one way or the other for commercial property.

To start with, would the possible initial downturn we’re warned about be ultimately outweighed by long term gains and benefits?

Would the inevitable cutting of red tape and lessening of hurdles associated with being a member of the European Union be a boon for businesses especially those involved in commercial property?

Would smaller businesses stand to benefit from so called Brexit with the losers being those larger concerns? Do larger organisations have the most to lose for an out vote and the severing of formal membership ties with Europe?

Would leaving the EU open up other world markets for South Wales businesses and would this make up for the loss of the single market. Indeed would there even be a downturn in trade with the EU?

The biggest question is whether the proposed savings made from exiting the EU, ie the alleged £350m per week being paid in by the UK to the EU, would be spent on the areas within the British economy that are in dire need of funds - infrastructure projects, NHS and policing.

Would Brexit cause regions such as ours to suffer? If the distribution of funds is controlled by the UK Government in Westminster, would the current EU money allocated to Wales still be spent here? Crucially would the money be available to fund the construction of the M4 black route, which under current arrangements may be part funded by the EU.

There are so many unknowns that it is difficult to gauge the affects that a Brexit would actually have. Both the Ins and the Outs are making so many claims and counter claims it is leaving some, may be the majority of voters, confused which is not good.

Hopefully, there will be a good turn out on polling day so that the matter can be dealt with once and for all. Although as is currently being experienced by Scotland in the wake of the ‘once and for all’ independence referendum, putting this matter to bed is sadly most likely be to highly unlikely.