London home price sentiment falls on Brexit

A measure of London home-price changes fell to its weakest since the financial crisis as the UK’s vote to leave the EU sent shock waves across the nation.

The index by the Royal Institution of Chartered Surveyors dropped to minus 46 in June from minus 35 the previous month, showing that more real-estate agents are recording lower prices in the capital than higher ones.

The reading was the weakest since early 2009. All responses were received after the EU referendum on June 23.