House prices in London's exclusive districts FALL by up to 25 per cent as buyers put off by Brexit
5 years, 11 months ago

House prices in London's exclusive districts FALL by up to 25 per cent as buyers put off by Brexit

Daily Mail  

House prices in some of the most expensive areas in the capital have fallen by up to a quarter over Brexit uncertainty. On average London's ten most expensive boroughs are down by 9 per cent. Homes have gone down in value by up to 25 per cent across London's most expensive boroughs Other agents have said that steep price falls in London are also a result of the market finally adjusting to significantly higher levels of stamp duty on the most expensive homes, after increases in December 2014 and April 2016. Your Move, Britain's biggest estate agent, said that the market outside London remained subdued, with house prices in England and Wales up by 0.6 per cent over the year. House prices in Chelsea have dropped significantly as well as homes in other areas of London In real terms, with the present rate of inflation 2.2 per cent, this means that prices are falling.

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