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International companies could flee from London if the UK severs ties with Europe finds survey David Cameron calls EU referendum for June 23 2016 Official Statement @onthemarketblog Up to 200,000 workers could leave London if the UK exits the European Union, resulting in a huge correction in ,commercial property prices, research has found. A study conducted exclusively for The Telegraph by property data group, Geophy found that a predicted exodus of international companies from London if the UK severs ties with Europe could bring up to 1.6m sq m of commercial property back onto the rental market – and could mean price corrections of more than 35pc in some areas of the City of London. The research looked at how international companies could look to reposition themselves post-Brexit, focusing on US and Asian banks and financial services companies who currently have offices in the capital. By Teun Van Den Dries PropTech  a new wave in the startup ecosystem. It’s grea...

BBC Business reporter   comments Image caption Hong Kong boasts the second highest office rental costs in the world The property market, like that of gold and oil, is a rather murky world. The prices you'll see on most websites are asking prices. The value of a done deal - the real price - can take land registries weeks to process, by which time a fast-paced market will have moved on. So those on the inside doing the deals, such as estate agents and developers, have a distinct advantage. Could technology help blast open this closed market? Teun van den Dries, chief executive of Dutch software company GeoPhy , believes his data analytics software program could do just that, starting with commercial property, a global market worth about €22.5tn (£15.7tn), according to the European Public Real Estate Association . Image caption GeoPhy's Mr van den Dries says his software tracks 40 million buildings in the UK His program crunches lots of different ...