Photo: Chris Ratcliffe/BloombergOne consequence of Brexit could be that more London properties end up in foreign hands. Investors pulling money from U.K. property funds out of fear that real estate values will fall are forcing sales of prime properties in London. Indeed, just last week Swedish billionaire Stefan Persson reportedly agreed to buy retailer Debenhams Plc’s flagship store on Oxford Street. "Having said that there seems to be always demand for trophy properties as the recent sale of an Oxford Street retail space proved." And while Brexit has rattled the real-estate sector, sterling at a 30-year low offers a compelling reason to think demand for the best assets will stay strong.

Source: Thanhnien News July 12, 2016 14:48 UTC