Capital housing market anticipates further falls

London house prices could fall a further 1.6% this year, according to a survey of housing market specialists by Reuters, and a further 0.1% in 2019. Participants in the poll also warned that a potential no-deal Brexit next March could drag down house prices further. Tony Williams, boss of property consultancy Building Value, told Reuters: "Central London is tanking because the traditional international buyers are staying away - and the quantum of buyers is falling. A disorderly Brexit will exacerbate this trend".

City AM (29/08/2018)