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
Rental supply climbs 15% despite landlord uncertainty
The latest research from Dwelly has found that, despite what has been an incredibly uncertain year for landlords – marked by political back and forth over the Renters’ Rights Act, its eventual approval, and the additional 2% tax hit delivered in last week’s Autumn Budget – there are currently 15% more rental homes available to…
Read More 
FCA sets out plans to help build mortgage market of the future
First-time buyers and the self-employed could get a step-up onto the housing ladder, under new plans from the FCA. Its priorities for reforms to the mortgage market also include helping homeowners unlock housing wealth for a more comfortable later life. The FCA will focus on 4 areas: First-time buyers & underserved consumers: Simplifying mortgage rules…
Read More 
UK housing market modest growth expected in 2026
UK housing market steady in 2025, modest growth expected in 2026 • UK housing market performed broadly in line with expectations over the last year • Limited annual growth of +0.7% lifted the average property price to a new high of £299,892 • Market activity was influenced by stamp duty changes but overall remained close…
Read More 
Cladding remediation work stalls – when will we realise that this is a matter of life and death?
The most recent government data shows that the UK is monitoring more high-rise buildings with potential cladding risks than ever before, yet fewer are actually entering remediation. Property Inspect UK is now warning that the widening gap between identification and action reflects a persistent structural issue in how remediation is managed, verified, and delivered. As…
Read More 
3 Top-Rated Garages in Northampton
Car maintenance can be stressful if you are unsure which garage to trust to deliver precise and timely service. Choosing a garage that handles repairs carefully ensures your vehicle remains safe and performs reliably on the road. In Northampton, several garages stand out for their consistent service quality and attentive customer care. They provide support…
Read More 
Slight easing in affordability pressures helps underpin buyer demand
Housing market activity remained resilient in 2025 House price growth expected to be in the 2% to 4% range in 2026 Looking back at the housing market in 2025 and what we can expect in 2026, Robert Gardner, Nationwide’s Chief Economist, comments: “The word that best describes the housing market in 2025 is ‘resilient’. Even…
Read More