Overall investment volumes in UK real estate were down just under 40% in Q1 2016 compared to Q1 2015. According to Morgan Pryce’s Director Fraser Williams, “The central London office market has also seen a slow down over the last year in terms of investment and uptake, with rental levels dropping off and conditions becoming more favorable for tenants. This is likely due to global economic instability, recently accentuated by uncertainty over the EU referendum.