Property News · July 18, 2016

Brexit could cut London house prices by more than 30%, says bank


Société Générale warns high-end properties could even halve in value as companies move top staff abroad London property prices could fall by more than 30% in the wake of Britain’s vote to leave the EU and may halve in the most expensive parts of the city, according to analysts at the French bank Société Générale.Brexit may be the trigger to end London’s seven-year house-price boom as companies move employees out of the UK, forcing sales of high-end properties, the company’s real estate analyst Marc Mozzi said in a note to clients. Continue reading…

Source : theguardian.com
Read more…Brexit could cut London house prices by more than 30%, says bank

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