Investment opportunity opens up ahead of expected UK property slump

As many as seven property funds in the United Kingdom announced suspension of redemption as investors dump holdings in fear of property market slumps after Britain's vote to leave the European Union.

Analysts said that they were not surprised by panic selling and that the situation is likely to favor opportunistic buyers.

The property market in the UK, particularly office properties in London, may fall more than 20 percent, and investors may withdraw money from the market, the analysts said.