Weakly positive outlook for London house prices

10th November 2017

New research has estimated that London’s house price development over the next three years will remain on the upside. Hackney is expected to lead price growth at more than 5% in the years to 2020, while Richmond will experience the lowest growth (1.5%), a report from KPMG predicts. "Our projections see a continued cooling in the short term, followed by a gradual rebound in the medium term, which will allow the cumulative price growth to remain positive overall,” KPMG said. The findings also suggest that with up to 20% of people living in some boroughs hailing from the EU, Brexit could lead to a short-term dip in house prices in areas such as Kensington and Chelsea.

City AM (03/11/2017)   The Times (03/11/2017)