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
UK house prices growing by 2.5% according to Halifax
Nathan Emerson, CEO of Propertymark: “This slight dip in house prices will likely have been influenced as a direct consequence to the current state of the global economy. There will always be a need for people to move house regardless of international trading relations; however, many aspiring or current homeowners will no doubt be discouraged…
Read More 
UK house prices dip slightly in May, but market remains steady
Average property price now £296,648 compared to £297,798 last month Annual rate of growth slows to +2.5% from +3.2% in April Overall house prices have remained stable so far this year Northern Ireland continues to lead annual price growth in the UK Amanda Bryden, Head of Mortgages, Halifax, said: “Average UK house prices fell by…
Read More 
Estate Agent Content
Do you think that your estate agency / property business requires content? Is content marketing still a thing in 2025? Are you concerned if anyone will read your words? Is it worth investing in estate agent content? Businesses with blogs generate 67% more leads than those without. As competition for attention online increases it remains…
Read More 
The cost of voids rises by £200 for England’s landlords
The latest analysis by Dwelly, one of the UK’s leading lettings acquisition and success planning experts, has found that landlords have been hit with a 26% increase in the cost of void periods in the past year, equivalent to lost income of almost £200. Dwelly analysed average void period data from March 2024 and March…
Read More 
Breaking Property News 5/06/25
Daily bite-sized proptech and property news in partnership with Proptech-X. Demand Rises for Housing and Infrastructure Projects Rising demand for housing, infrastructure and energy projects across Wales has driven continued growth at Lichfields’ Cardiff office, which this year marks 25 years in the capital. The team of 17 planning professionals is one of the largest…
Read More 
Construction continues to enjoy a season in the sun
Underlying performance is on the rise during Q.2 2025 Today, Glenigan, one of the construction industry’s leading insight experts, releases the June 2025 edition of its Construction Index. The Index focuses on the three months to the end of May 2025, covering all underlying projects, with a total value of £100m or less (unless otherwise…
Read More