Update on the Brexit effect on UK House prices

A prounced Brexit effect on UK house prices was unclear up to now but recently  released figures indicate we are now seeing a trend. It appears that the very wealthy areas of London are seeing strong downward pressure on prices.

One report indicates the areas such as Balham and Putney are seeing a fall in prices of 12-14% with others reporting falls of greater than 15%. London city centre areas were at the centre of the UK property boom. Many felt a correction may have been needed here.

In any case other areas of the UK are not seeing the same pattern.

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