British property company Savills has stated that the slump in London 's prime housing market has slowed , but says a return to growth will be slow . Values of the most expensive homes in Westminster have fallen by 15 % over the last three years , while in areas such as Wandsworth and Clapham , the decrease has been 7.3 % . Savills predict it will be two years before prices start to rise again , due to uncertainty over Brexit , added to the previous effect of a stamp duty increase on properties over £ ##40 ##m ( $ 1 m ) .
British property company Savills has predicted that the slump in London's prime housing market has slowed, but says a return to growth will be slow. Values of the most expensive homes in Westminster have fallen by 15% over the last three years, while in areas such as Wandsworth and Clapham, the decrease has been 7.3%. Savills predict it will be two years before prices start to rise again, due to uncertainty over Brexit, added to the previous effect of a stamp duty increase on properties over £1m ($1.4m).