London's housing market is being hit by continued uncertainty over Brexit, according to recent analysis. Around 39% of current London property listings have seen a price reduction, according to a January report by UBS, while in December, Halifax predicted house prices will stabilise in the coming year, with increases of between 2% and 4%. The Bank said it was "likely" that Brexit would lead to an increase in interest rates on UK government bonds but added there were no signs yet of any such move taking place.
London's housing market is being hit by continued uncertainty over Brexit, according to recent analysis. Around 39% of current London property listings have seen a price reduction, according to a January report by UBS, while in December, Halifax predicted house prices will stabilise in the coming year, with increases of between 2% and 4%. Naomi Heaton from London Central Portfolio is among the industry experts expecting a turnaround once the UK's relationship with the EU is settled, while Savills forecasts a 6% bounce in prices in 2021 and a rise of 12.4% in the 2019-2023 period.