07-01-2016, 11:19 PM
If there's anything we have learned from the U.K.'s vote to leave the European Union, it is that the unthinkable is much more likely to happen than people expect. One area that investors should watch very closely after the Brexit vote is the U.K. housing market, or more specifically, the London housing market. The decision announced Thursday morning by South-East Asia's third-largest bank, Singapore-based United Overseas Bank, to suspend loan applications for the purchase of London properties by its customers is a worrying development.
London Housing Market Falling Down Is Real Post-Brexit Danger - TheStreet