Brexit Is Weighing Factor on Housing Market, Says Rightmove’s Shipside

The London housing market is experiencing a downturn, with prices falling for the first time in four years, largely due to Brexit uncertainty. Inner London, particularly the three-bedroom market, is most affected. Sellers are hesitant, leading to fewer properties on the market, while buyers are cautious. Despite this, prices remain significantly higher than a decade ago. Political uncertainty in Westminster adds to the market's unpredictability, though international buyers still find London attractive due to currency fluctuations.

What is the main reason for the current hesitation among buyers and sellers in the London housing market?

• Increased property taxes

• Lack of available properties

• Brexit uncertainty

• High interest rates

Which area in London is experiencing the most significant price drops?

• Rural areas

• Suburban areas

• Inner London

• Outer London

What type of properties in inner London are primarily affected by the price drop?

• Three-bedroom family homes

• Studio apartments

• Commercial properties

• Luxury penthouses

How does political uncertainty, such as Brexit delays, impact the housing market?

• It causes market hesitation

• It creates market stability

• It attracts more local buyers

• It increases property prices

Why might international buyers still be interested in the London property market?

• Stable political environment

• High rental yields

• Currency fluctuations

• Low property taxes