MOSCOW (Sputnik) — The agency recalled that London alone accounts for 24 percent of the UK's buy-to-let lending and 27 percent of rental housing.
"A drop in the foreign population would have a cascading effect by lowering housing demand, which in turn would drive down the cost of rent and increase vacant periods," the agency said in a statement on its website.
The rating agency said that prices for used cars could rise if post-Brexit trade agreements are less favorable for auto imports from the EU, as the United Kingdom is an auto importer.
UK citizens are set to vote on June 23 in a referendum on the country's EU membership, after Prime Minister David Cameron and the leaders of the 27 European Union member states reached a deal in February to grant the United Kingdom a special status within the bloc.
