June will cap the weakest run of investment in the Square Mile’s commercial property market in eight years, with buyers and sellers shying away from deals as the terms of the UK’s exit from the European Union remain unclear.

According to analysts at Savills, the property agency, this month will mark the end of the slowest first half to a year since 2011. Money invested in the City of London’s commercial property market is expected to stand at £3.6bn. The number of deals has slumped along with their value.