London’s Property Market in a nutshell: Post Brexit

London’s Property Market in a nutshell: Post Brexit

Published at: 2017-01-31 10:36 | Author: iBroadcastPR
London’s property market has slowed down post Brexit, where economic issues have been present since the voting results aired in June last year. The property market now stands weak with Britain’s currency and there has been a decrease in the demand for real estate throughout the nation. Brexit resulted in an estimated £650 million loss on property deals across London. Investment had halved within the six months leading up to the referendum. A positive outcome since the referendum is the increased interest of foreign investment due to the fall in property prices by 15-25%. A rapid recovery for London’s property market is not expected in the near future, though a subtle rise of 2% in property prices has been a pattern throughout the suburbs.

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