Falling commercial real estate prices after the U.K.’s vote to leave the European Union pose a threat to bank stability because of the market’s reliance on foreign capital, Bank of England said.
Values have declined 2.6 percent since the referendum and may drop further from their current high levels, according to the central bank’s twice-yearly assessment. Continuing declines would affect companies’ access to finance because many use commercial real estate as collateral.
Read more: Bloomberg
