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London office prices to fall 20% after Brexit vote

  Bloomberg 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 ...

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Jones Lang, CBRE fall as EU exit bodes UK real estate pause

  Bloomberg CBRE Group Inc. and Jones Lang LaSalle Inc., real estate services firms that do a significant share of their business in the U.K., tumbled as investors speculated on a possible fall-off in property sales and leases after Britons voted to leave the European Union. CBRE, the world’s largest commercial-property brokerage, dropped 9 percent to $27.31 in New York, ...

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Boston realty to benefit from UK’s exit from EU

  TIMES NEWS SERVICE Britain’s vote to leave the European Union may be causing turmoil in the capitals of Europe and in world stock markets. But it could actually benefit the real estate market in Boston. Here’s how: Housing Mortgage rates — already quite low — could stay down. The reason? Uncertainty about the economy and the stock market drives ...

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