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

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.