London house prices remain stagnant since 2015

The impact of Brexit on London's housing market has been revealed in new research. Despite dire predictions of an 18% drop in house prices, real terms prices today are no higher than in late 2015. Central London neighborhoods have seen the most severe slowdown, with house prices falling since the Brexit vote. Meanwhile, outer boroughs have experienced growth, with Redbridge seeing a 30% increase in property values. The decline in London's property market is attributed to reduced interest from wealthy foreign buyers due to the uncertain economic climate following the Brexit vote. Experts also point out that stamp duty and other factors have played a significant role in shaping the housing market in the capital. 

London Evening Standard