London Property: Here Comes The Crash

September 10, 2018

– Jitters surrounding London property are finally starting to show up in home prices

– Brexit uncertainty, rising interest rates, higher sales tax and stretched affordability

– Islington suffered the biggest declines, with home prices falling 7.8 pct in 12 months as per official data

– Surveys have shown declines for several months, but now the end of the boom is clear in official statistics too according to Bloomberg analysis



London median, Islington, Wandsworth & Southwark prices. Must See Interactive Graphic Piece From Bloomberg News

*********

The word ‘silver’ originates from the Old English Anglo-Saxon word 'seolfor'

Silver Phoenix Twitter                 Silver Phoenix on Facebook