You may be wondering, Has Brexit Affected London Property Prices? Well, the short answer is Yes.
Other agents may say otherwise to win your valuation or offer an over-inflated value of your property to get your business, however, there is obvious uncertainty in Central London which will reflect in the property prices.
Looking at the graph below, it shows the change in transactions and prices in Greater London. You can see that the property prices have risen and transactions have fallen.
However – at the right price there are plenty of buyers out there and your property WILL sell. With good quality marketing and a strong sales team working on your behalf, you might be pleasantly surprised.
It may be worth renting out your property instead
If you have a property to sell and are unsure in this uncertain time, you could look into renting out your property. We have had two of the best ever months of rentals in our company since we were established in 2003, applicants aren’t just ‘seeing what’s out there’ they are serious, they mean business and they will gladly get into bidding wars to secure their perfect property.
The graph above just goes to show, Brexit may have affected London Property Prices. But, there are still people out there interested in living in London and average renting rates just keep going up.
If you would like to know specific statistics in your area – please give our team a call. We would be delighted to come and talk to you about your options.
Greater London Properties offer the very best marketing for your property in Central London.
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