SocGen: London Property Prices Could Fall 50%Rupert Hargreaves
London commercial property prices could decline by as much as 25% peak-two-trough while London residential prices could experience an even more severe downturn, that’s according to a research report on the UK’s property market from Société Générale.
According to the bank, both of the UK’s property markets, the commercial market, and the residential market, are at the mercy of Brexit risks. Cracks were already appearing in the UK real estate market before Brexit, but the UK’s decision to turn its back . . .
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