London’s Property Market Loses Shine Ahead of Brexit Vote

Britain’s historic vote on whether or not to remain within the European Union might still be two weeks away, but the impact of Brexit has already been felt in London’s property market.

Investors who are worried about the impact of Brexit on their London house prices are taking a “wait and see” approach, said Alistair Meadows, head of international property consultancy JLL’s Asia-Pacific International Capital Group.

JLL has already seen a 30 percent fall in UK transactions in the first quarter of this year, with some 45 percent of investors expected to put off any buying or selling decisions until after the referendum.

CNBC

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