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 factors are contributing to the current weakness in the London housing market?

How has Brexit influenced buyer and seller behavior in the London housing market?

What trends are observed in the pricing of three-bedroom homes in inner London?

What is the average time taken to sell properties in the current market compared to a year ago?

How do international buyers perceive the London property market amidst currency fluctuations?