How London house prices have changed since Brexit vote
- marcfaubeau
- Jul 12, 2022
- 1 min read
House prices in London have risen slower than any other region in the UK since the Brexit referendum six years ago. The cost of the average home in the capital has risen by 12.7% since July 2016, dwarfed by growth across the rest of the country and half the rate of the second slowest region, the northeast. This is due to a set of factors, according to experts at Knight Frank, from high house prices compared to other areas, to Brexit uncertainty and the escape to the country during the Covid-19 pandemic. Havering recorded the fastest house price growth over the last six years of all boroughs, with a rise of 26%. Prices in prime central London have fallen 14% since Brexit, demonstrating a fall in overseas investment.
London Evening Standard
Comments