Property News · June 1, 2016

London's luxury property market slows on EU referendum jitters


Annual house price growth in May slowed to 0.1% in prime central London – the lowest rate since October 2009The forthcoming EU referendum is weighing heavily on the London luxury property market, prompting buyers and sellers to postpone decisions until after the 23 June vote, according to the estate agent Knight Frank.Annual house price growth in May slowed to 0.1% in prime central London, which stretches from Notting Hill to Islington and the City – the lowest rate since October 2009. Prices in South Kensington dropped by 4.6% while prices in neighbouring Chelsea were down 3.5% in the year to May. Prices in Knightsbridge and Islington rose 7.5% and 7.4% respectively. Continue reading…

Source : theguardian.com
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