Photographer: Simon Dawson/Bloomberg

London Property Stalls as Brexit Turns Sellers into Landlords

  • 14 percent of homes withdrawn from sale now offered as rentals
  • Some home owners opting to rent rather than accept price cuts

Gary Waller, a 41-year-old accountant, expected to negotiate a lower price on an apartment he wanted to purchase in London’s Putney district following the U.K.’s vote to leave the European Union. Instead, the vendor took the property off the market.

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