London house prices will remain stagnant

25th August 2017

Ten out of 14 economists surveyed by Bloomberg News believe that house prices in London will probably be stuck in neutral for some years. Philip Rush, chief economist at Heteronomics, says the “difficult” political environment since Brexit and increased stamp duty may put further pressure on home values. Pantheon Macroeconomics economist Samuel Tombs adds that Brexit’s impact on the economy as well as uncertainty over how many jobs will leave the financial district will weigh on the market until exit negotiations are complete.

The Independent (23/08/2017)   The Times (23/08/2017)