International companies could flee from London if the UK severs ties with Europe finds survey
Up to 200,000 workers could leave London if the UK exits the European Union, resulting in a huge correction in commercial property prices, research has found.
A study conducted exclusively for The Telegraph by property information group Geophy found that a predicted exodus of international companies from London if the UK severs ties with Europe could bring up to 1.6m sq m of commercial property back onto the rental market – and could mean price corrections of more than 35pc in some areas of the City of London.
The research looked at how international companies could look to reposition themselves post-Brexit, focusing on US and Asian banks and financial services companies who currently have offices in the capital.
Source: Exodus from EU may spark correction in the rental market - Telegraph
This would have never happened under Labour...
Up to 200,000 workers could leave London if the UK exits the European Union, resulting in a huge correction in commercial property prices, research has found.
A study conducted exclusively for The Telegraph by property information group Geophy found that a predicted exodus of international companies from London if the UK severs ties with Europe could bring up to 1.6m sq m of commercial property back onto the rental market – and could mean price corrections of more than 35pc in some areas of the City of London.
The research looked at how international companies could look to reposition themselves post-Brexit, focusing on US and Asian banks and financial services companies who currently have offices in the capital.
Source: Exodus from EU may spark correction in the rental market - Telegraph
This would have never happened under Labour...
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