Property News · November 7, 2014

London house prices set to level off in election year


Loan restrictions and tax fears hit capital’s property boom as Savills predicts renting to grow by 1.2m to 6m households by 2020London’s booming housing market is set to grind to a halt next year, bringing an abrupt end to almost a decade of the capital outperforming the rest of the UK, property company Savills has forecast.In a vital election year, lending restrictions will start to hit demand for London homes, while at the top end of the market uncertainty over a mansion tax is likely to deter buyers and push prices down. But the property specialists say the pause will be only temporary – and that growth will restart in 2016. Continue reading…

Source : theguardian.com
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