Brexit could cost London house prices 30%, says SocGen

22nd July 2016

Post-Brexit London property prices could fall by more than 30%, even halving in the most expensive parts of the city, according to analysts at Société Générale. Brexit could 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 firm's real estate analyst Marc Mozzi said, citing a pre-referendum report by PwC that said Brexit could result in between 70,000 and 100,000 fewer people employed in the financial sector.

The Guardian (19/07/2016)