Brexit uncertainty impacting London’s prime housing market according to LonRes
November 7, 2018
Latest Q3 2018 analysis of the prime London sales and lettings markets from LonRes Property Data Network (Residential Review Autumn 2018).
Analysis of LonRes Prime London sales data shows: Uncertainty surrounding Brexit has biggest impact on London’s prime housing market.
Commenting on the prime London housing markets Marcus Dixon, Head of Research, LonRes said:
“Whatever your views on Brexit, what is clear is that the uncertainty surrounding our attempts to leave the EU is making buyers in prime London reconsider their options. Many are choosing to wait it out and this is impacting sales activity. In the most recent LonRes Agent Survey, 58% of respondents saw Brexit uncertainty as having the most impact on demand over the next 12 months. This compares with 29% citing stamp duty. Prices have been impacted too, however lack of forced sellers means that many are choosing not to transact and are withdrawing their properties from the market instead.”
“For lettings, fewer new instructions and an increase in renewals is limiting the availability of stock. This has meant greater competition amongst tenants, with annual increases in achieved rents rising for the fourth consecutive quarter in Q3 2018.”
Read the LonRes Residential Review Autumn 2018 in full click here.
You May Also Enjoy
Roller Garage Doors: 7 Essential Buying Tips.
Roller garage doors vary in quality, design, and the components used. Recognising these variations is essential when making a purchase, as it ensures you choose a product that provides long-term benefits. Here are seven key factors to consider: 1. Environmental Impact For superior insulation, sectional garage doors may be a better option, even though roller…
Read More 
Glenigan Construction Index: Pockets of regional resilience, do little to offset faltering confidence
The value of underlying work starting on-site during the three months to February decreased 6% and remained 17% below 2024 levels as activity remains relatively stagnant Lowered expectations on economic recovery dent residential construction, with starts down 10% on the preceding three months, slashed by 14% against 2024 figures Non-residential project starts decreased 2% against…
Read More 
How to Create a Stylish and Comfortable Home Office
Creating a stylish and comfortable home office is essential for productivity and well-being. Here are key considerations to design a workspace that is both functional and inspiring:D 1. Select an Appropriate Location Choose a quiet area in your home with minimal distractions. If a separate room isn’t available, consider converting a nook or unused space…
Read More 
Zoopla Rental Market Report: Rents rising at lowest level for 3.5 years
Upcoming reforms in the rental market will limit new investment and the number of homes for rent Rents rising at lowest level for 3.5 years as Zoopla warns upcoming rental reforms will continue to limit rental supply Average UK rents for new lets are three per cent higher over the last year, down from…
Read More 
Commonhold White Paper – Thoughts from the Industry
The sale of new leasehold flats in England and Wales is to be banned under Labour’s plan to end the ‘feudal’ system. Labour wants to switch to Scotland’s commonhold system There are around 5 million leaseholders in England and Wales. Under commonhold, each flat owner would own the freehold of their home, but also have…
Read More 
Greenpeace Ruling Exposes UK Government Policy
In January 2025, Greenpeace brought a collective action against the Dutch state for failing to comply with a 2018 European Court of Justice ruling on nutrient neutrality. An appeal is expected: however, as the UK Government has adopted the same ‘tax builders for pollution others cause’ approach to reducing nutrient pollution, it may find itself…
Read More