London is expected to buck the national trend and see a fall in property prices.
The Royal Institute of Chartered Surveyors has said that property prices in London will decline, whilst house prices nationally will slowly rise over the coming months.
The fall in London prices is due to the increased stamp duty on higher value properties and uncertainty caused by the Brexit vote. The increase in prices outside London is due to increased demand from buyers and fewer houses being offered for sale.
The news will be welcome relief to North Londoners where, according to Halifax, homes cost on average ten times the salary of their buyers.
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HeadlineLondon house prices expected to fall
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London is expected to buck the national trend and see a fall in property prices.
The Royal Institute of Chartered Surveyors has said that property prices in London will decline, whilst house prices nationally will slowly rise over the coming months.
The fall in London prices is due to the increased stamp duty on higher value properties and uncertainty caused by the Brexit vote. The increase in prices outside London is due to increased demand from buyers and fewer houses being offered for sale.
The news will be welcome relief to North Londoners where, according to Halifax, homes cost on average ten times the salary of their buyers.
