Keenan Vyas Quoted in Reuters on UK Property Fund Suspensions

Six UK property funds have now suspended trading, freezing 15 billion pounds ($19.4 billion) as a result of the uncertainty surrounding Brexit. The suspension comes after a wave of investors withdrawing funds amid speculation of a drop in property prices.

Keenan Vyas, Director in the Real Estate Advisory Group at Duff & Phelps in London, said the consequences could be profound: "If there continues to be a tremendous amount of redemption pressure in a short period of time this could result in a large number of sales transacting below book value and an eventual overall correction in property asset pricing across the UK market."

Read the full article on Reuters

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