The financial strains from Britain’s vote to leave the European Union are starting to show, as worries ripple through the country’s real estate market.
In the most prominent sign of the pressure, three major real estate funds have frozen withdrawals in the last two days, to slow the exodus of nervous investors. By doing so, the funds are trying to prevent a vicious cycle of selling that could force them to dump assets at ultralow prices, deepen losses and prompt more investors to rush for the exit.
