Investment in two of London’s commercial property hotspots slumped during the first weeks of 2019, meeting analyst predictions that uncertainty around the UK’s exit from the European Union would dent deal flow.

Money poured into the capital’s property market last year, making London the most popular city in the world for dealmaking, in part due to a weakened pound. But with little clarity over the terms on which Brexit will take place in the coming weeks, buyers and sellers have paused transactions.