Top rents in central London could fall by a fifth, against their recent peak, as the business world digests the impact of Brexit, according to Michael Prew, European real estate analyst at Jefferies International.

He published a research note on January 19, following Prime Minister Theresa May's decision to seek a clean break with Europe.  He has warned underlying London rents could fall 20% by 2018 from their peak of early 2016, following Prime Minister Theresa May's pledge to achieve a clean break with Europe.