London property prices have fallen 0.8% YoY through March amid uncertainty created by Brexit, according to property website Rightmove. Spring usually marks an increase in activity but buyers are said to be waiting for the outcome of the country’s scheduled but unconfirmed departure from the EU, though average asking prices nationwide are up from February by £1,300 ($1,719) to £302,002. UK has seen the most notable decrease, with average asking prices 5.5% lower than last March and 1.1% behind last month. Values across the South-East are down 1.5% YoY, though in the North-West they were up 3.4%.
UK property prices have fallen 0.8% YoY through March amid uncertainty created by Brexit, according to property website Rightmove. Spring usually marks an increase in activity but buyers are said to be waiting for the outcome of the country’s scheduled but unconfirmed departure from the EU, though average asking prices nationwide are up from February by £1,300 ($1,719) to £302,002. London has seen the most notable decrease, with average asking prices 5.5% lower than last March and 1.1% behind last month. Values across the South-East are down 1.5% YoY, though in the North-West they were up 3.4%.