The head of London research at a big property agency has said the possibility of Jeremy Corbyn becoming prime minister worries investors more than the UK’s exit from the European Union.

“A lot of our investors have already priced Brexit in,” said CBRE’s Kevin McCauley at the agency’s London Market Insight seminar on May 2. “They think they understand its potential implications. The wider concern is about how Brexit could lead to potentially a change of government.”