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London Office Prices Seen Falling 20% on Brexit Vote

Corrected

London office-property values may fall by as much as 20 percent within three years of the country leaving the European Union as businesses relocate and the economy stagnates, according to Green Street Advisors LLC.

“New leasing will slow dramatically,” said Hemant Kotak, an analyst at the London-based research company. Retail-property values across the country could fall by 10 percent to 15 percent, Kotak said.