London markets rose on Monday – the FTSE 100 was up by 1.7% or 111 points – but real estate accounted for some of the heaviest fallers.
Of the sharpest share price drops in the index of the London Stock Exchange’s 100 largest companies, three were focused on property. Taylor Wimpey was fifth, down by 4.8% to 157.8p. Barratt Developments was seventh, dropping by 3% to 650p, while British Land was eighth, losing 2.7% at 475.8p.
In the FTSE 250, which finished the day up by 0.2% at 20,537 points, the most notable real estate share price move was from Hammerson, which lost almost 7% to hit 23.12p.
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