Experts believe that in 2018 real estate in the British capital will fall in price by at least 2%, in addition to decrease of 1.8% in 2017. And the price of premium property could even fall by 4% compared to 3.7% in the previous year. Recall that in December 2017, prices fell by 3.7% in London and by 2.6% at the national level.
According to the latest forecasts, the national growth in housing prices in the country in 2018 will drop to 1%, which will make it the weakest period since 2011. Obviously, this is a consequence of the slack economy and pressure on consumers after the vote on Britain's withdrawal from the European Union.