London’s office property market ‘tanking’, says Green Property chairman Stephen Vernon

London’s real estate market, hurt by the Brexit vote, is “tanking by the day,” Green Property chairman Stephen Vernon said.

The firm, which has closed its London office, is waiting for an opportunity to buy into the market at lower values, he said at a conference in Dublin.

Mr Vernon would consider buying a real estate firm, raising a fund or buying a portfolio of assets in London, he said. “It’s absolutely fantastic what’s going on,” said Mr Vernon, who sold most of the firm’s properties in Ireland before the market there crashed in 2008.