After years of rising prices, a variety of factors have conspired to put a damper on the London property market. The threat of rising interest rates and economic uncertainty surrounding Brexit are just two of the factors damaging buyer sentiment, taking the London property market off the boil in recent months. But there are some signs that house prices in the capital are starting to stabilise, even pick up a little. During the last quarter, average price growth has risen by 1.8%. That’s according to the latest Hometrack UK Cities House Price Index.
London property market stabilises
This 574 word blog post shares findings from the latest Hometrack UK Cities House Price Index, with a focus on recovering prices and narrower discounting in London. Written on 27th July 2018.