Property company shares hit new post-referendum lows as renewed jitters across the industry undid gains made last week.
Most FTSE 350 REITs and housebuilders saw steady rises in the second half of last week, but the losses that followed left some in a worse position on Thursday opening than on the Monday following the vote.
After an initial slump, Workspace shares saw a 10% rise from 27 June to 1 July, but since then have fallen 17% – a loss of 34% since the referendum. Barratt was the worst-hit housebuilder, with a fall of 42% on 7 July.
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