According to Rightmove, a property website, the average price of property in London flee 2.9% in this month. The range of decrease varied in each location. On the other hand, Southwark met 9.4% increase.
International Business Times: London house prices record biggest slump in a decade in September
Housing demand in London seems still high. Then, the drop of the price may be due to the end of estate bubble. London’s property price was rising every year by up to 10%. This tendency could not survive for many years.
Brexit has caused fear of exile in foreigners living in London. It is unsure Brexit influenced the price of the property. But, the negative policy against immigration should take power to lower the value of properties in London.
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