According to Bloomberg (HERE) sales of luxury homes in london fell by 18% in the 12 days after the referendum compared to the 12 days before, and by 43% compared to the same period in 2015. I think this shows the market was already cooling but has cooled much more quickly after June 23rd.
Some may welcome a fall in house prices but overseas buyers provide an important source of the foreign direct investment that is vital to our economy at the moment.
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