Property News · September 26, 2017

London luxury property prices will stay flat until after Brexit, says Savills


Market sentiment will remain ‘fragile’ amid uncertainty but start to recover towards the end of 2019, forecasts estate agentPrices for luxury homes in central London are forecast to fall 4% this year and will flatline for nearly two more years as Brexit uncertainty and tax changes weigh on the market, according to Savills.The upmarket estate agent is predicting that prices will start to recover towards the end of 2019, rising by 2%, with a stronger bounceback of 8% in 2020. The recovery will take a year longer than the firm previously expected. It blamed heightened political uncertainty, with the “complexity of Brexit becoming much more apparent”. Continue reading…

Source : theguardian.com
Read more…London luxury property prices will stay flat until after Brexit, says Savills

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