Capital values for offices in the City of London dropped 6.1 percent in July from a month earlier, in the aftermath of Britain’s vote to leave the European Union, a real estate firm said on Monday. Capital values for offices in central London and the rest of the UK dropped by 4.1% and values for all UK commercial property dropped 3.3 %, taking year-on-year growth to 0.4%, CBRE said in its monthly UK commercial property index. Capital value refers to the probable price that would have been paid for a property at the date of valuation.
Read more: Economic Times
