Jul
19
London’s Home Price Growth Has Flatlined. What Happens Next?
By-
Values in London fell in May for the second consecutive month
-
London market most impacted by Brexit and higher sales taxes
The eight-year bull run for London home values appears to be finally coming to an end.
Values fell 0.5 percent in May from April, according to the LSL Acadata Home Price Index, and will show little or no growth this year, broker Savills Plc forecasts. PricewaterhouseCoopers LLP predicts that price growth will continue to slow in 2018 and 2019 as economic uncertainty and increased stamp duty taxes damp demand.
Bloomberg News asked seven market commentators to predict what they see happening next in London’s 1.6 trillion-pound ($2.1 trillion) housing market…
London’s Home Price Growth Has Flatlined. What Happens Next?
