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. “New leasing will slow dramatically,” 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. Shares of UK developers tumbled as the pound plunged to the lowest since 1985 following Britain’s vote to quit the EU after more than four decades.
Read more: Live Mint
