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23

London Home Prices to Remain Stalled for Years, Economists Say

By Tony Seruga

Survey shows tax changes for landlords also weighing on prices
Market to remain subdued until clarity on Brexit is given

Economists have bad news and good news for London’s home sellers: prices will probably be stuck in neutral for some years, courtesy of Brexit and a shaky economy, but a serious crash still looks unlikely.

Ten out of 14 economists surveyed by Bloomberg News cited political and economic uncertainty as a reason prices are stalling while seven said tax changes for landlords were at fault. Only six attributed the slowdown to affordability issues in a market where prices have almost doubled since 2009…

London Home Prices to Remain Stalled for Years, Economists Say

Categories : Real Estate

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