Real estate funds in UK freeze withdrawals

London

THE financial strains from Britain's vote to leave the European Union are starting to show, as fear and uncertainty ripple through the country's real estate market.

In the most prominent sign of the pressure, three major real estate funds have frozen investors' withdrawals in the last two days, a rare move that reflects the mounting industry concerns. By doing so, the funds are trying to prevent a rush to the exit that could force them to sell assets at ultra-low prices and exacerbate losses.