London's property market hurt by Brexit and is tanking, analysts warn

Dublin

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, the 66-year-old said at a conference in Dublin. Mr Vernon would consider buying a real estate company, 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 values there crashed in 2008. A decision to re-enter the London market would be through a venture separate from Gr…