House prices outside London
April 14, 2015
House prices UK wide are predicted to outperform those of London for 2015 with increases of 1.5% nationwide but a dip of 3.6% in London. This change of trend in price performance will be the first time in six years that London does not lead the way in property price increases.
The CEBR were quoted as saying the London market tends to be particularly affected by the uncertainty of a general election, but that longer term, underlying factors such as economic growth and a lack of housing supply will push prices upwards.
It was at the end of 2014 that experts started to report a more evenly balanced housing market across the UK with price rises rippling out from London to other areas as buyers started to look elsewhere.
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