'Brexodus' Could Push London Prime Housing Prices Down 50%: Analysts

As negotiations between the U.K. and the European Union on the terms of their separation are underway, the reality of Brexit pushes companies to begin shifting some jobs to the EU. This outmigration already has started to affect the London property market, where rents have fallen. But judging by what analysts at Societe Generale predict, a full-blown crash in London property prices should not be ruled out.

In a recent research report focusing on U.K. real estate, the analysts warned that "Brexodus" -- the departure of some workers because of the Brexit vote and companies relocating jobs -- already has started, even before the final shape of a deal with the EU is known....598 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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