London Property Market in 2018

It is impossible to accurately predict the future direction of the London housing market, and more so in the present environment where the Brexit divorce deal is still being put through the paces. According to the data from our estate agent London, prime central London housing values have started bottoming out. Growth may be restored once the clouds of confusion around Brexit fade away. The good news is that, though values in central London locations fell 4% for the year, the rate of price decrease has slowed down, coming in at 0.9% in Q4 2017.

For buyers, muted price growth is an opportunity to enter the London property market in 2018. It must be noted that though interest rates are low, the government’s goal of keeping the inflation rate down to 2% could possibly prompt a small increase in interest rate during the summer. One thing is for sure, the demand for housing in London among younger buyers is strong and every opportunity for a less pricey/more affordable purchase can be seized.

Have a look at GLP’s listings; we have some wonderful two bedroom flats in the heart of Bloomsbury for less than £600,000, and a range of options across Soho, Covent Garden and various Greater London areas. Get in touch with our estate agent Bloomsbury now.