According to some economists, retail property funds in the UK should expect further markdowns this summer before starting to bounce back.

Seven UK property funds, which together manage around £18 bn (€21.5 bn) of assets, froze redemptions earlier this month to prevent a run on fundsafter analysts expressed fears that London office values could plummet by as much as 20% within three years of the UK leaving the EU.

In the wake of the Brexit vote, a survey of 90 investors revealed that 57% of global institutional investors with exposure to real estate said that they expect to invest less in the UK over the next 12 months, however 13% anticipate allocating more capital to the UK in the long run.

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