Britain's biggest landlord has been caught in Brexit turmoil as he attempts to sell 1,000 properties just as buyers are stalling and pulling out of deals en-mass over market fears.
Fergus Wilson had planned to offload his entire portfolio of around 900 houses to a pool of foreign investors, which include both wealthy individuals and institutions.
But the Telegraph can reveal that the property tycoon is still waiting for a large number of exchanges to complete, meaning some deals could potentially collapse amid the turbulence.
Lawyers and property firms are warning that large numbers of buyers are postponing or pulling out of property deals as a result of the Brexit vote, over fears that economic uncertainty would make their purchase unaffordable or hoping that prices will fall over the coming months or years.
A number of firms have reported that residential property deals were falling through with one firm, The Partnership, claiming 50 per cent of deals were collapsing, a level it described as “unprecedented”.