London office-property values may fall by as much as 20% within three years of the country leaving the European Union (EU) as businesses relocate and the economy stagnates, according to Green Street Advisors LLC.\u00a0\u201cNew leasing will slow dramatically,\u201d said Hemant Kotak, an analyst at the London-based research company. Retail-property values across the country could fall by 10% to 15%, Kotak said.\u00a0Shares of UK developers tumbled as the pound plunged to the lowest since 1985 following Britain\u2019s vote to quit the EU after more than four decades.<\/p>\n
Read more: Live Mint<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" London office-property values may fall by as much as 20% within three years of the country leaving the European Union (EU) as businesses relocate and the economy stagnates, according to Green Street Advisors LLC.\u00a0\u201cNew leasing will slow dramatically,\u201d said Hemant Kotak, an analyst at the London-based research company. Retail-property values across the country could fall\u2026 Read More »<\/a><\/span><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,15],"tags":[98,100,99],"class_list":["post-486","post","type-post","status-publish","format-standard","hentry","category-city","category-international","tag-absorption","tag-lease","tag-office-demand"],"_links":{"self":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/comments?post=486"}],"version-history":[{"count":1,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/486\/revisions"}],"predecessor-version":[{"id":487,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/486\/revisions\/487"}],"wp:attachment":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/media?parent=486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/categories?post=486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/tags?post=486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}