Brexit Vote Threatens to Cool London’s Property Market: ChartBy
Britain’s vote to leave the European Union is a threat to London’s booming property market, according to Bloomberg Gadfly’s Chris Bryant. The split raises questions over tens of thousands of financial services jobs, the very clients an upmarket real-estate agency like Foxtons Group Plc counts on for business. Foxtons, which in March said a reduction in the city’s status as a financial center could hit the market, saw its shares slump on Monday to below the company’s September 2013 IPO price after saying full-year profit would be lower.
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