A prominent index of the most popular European property markets has found that Paris nudged London out the top position and forced it into second place for the first time in four years.
Experts are saying that post-Brexit uncertainty will result in a dose of uncertainty for the London property market.
La Salle, the American investment firm, also confirmed that regional UK cities such as Birmingham and Manchester will be affected more strongly than London as corporate hiring slows down due to post-referendum economic uncertainty.
Cities located in France and Germany have climbed higher in the property market rankings as their economies soared and reforms in the French labour market brought unemployment figures down, all of which have stoked the housing market and increased consumer demand.
At present the top 10 property markets in Europe are as follows: