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%. Dixon 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.
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.