Real estate value in the capital city of Great Britain might come down more than by 30% as a result of Brexit voting, the experts of Societe Generale bank believe.
“While according to the stress tests results, the major British banks indicated a 30% decline in free-market prices for real estate, we fear that the residential buildings in London might experience a still more slowdown. Brexit will damage British economy and a number of companies are more likely to have to move a part of their business, in order to preserve an access to the common European market”, - Bloomberg agency cites the bank's experts.
It's noteworthy, that the real estate value began to decline before the Great Britain's referendum on the EU membership in June, 2016.
