Confidence is returning to the UK property market after the turmoil following June’s Brexit vote.
Prestbury chief executive Mike Brown described events as a correction rather than a crash, although Jefferies analyst Mike Prew said it was cautious on the economy and therefore property markets.
Many questions remain unanswered, including whether financial companies will retain passporting rights. A Deutsche Bank worst-case scenario, involving significant job losses among London bank staff, could see shares in companies owning offices in the capital drop by 30%.
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