Thu 16 Jan 2020
Jeremy Leaf, Principal
After many years of spiralling values, the London property market suffered a rocky period following the EU referendum in 2016 with prices down 0.5% in the year to December, according to the UK’s largest property portal, Rightmove but not everywhere!.
Values also fluctuated considerably in the capital but Rightmove found Barnet recorded the fastest annual growth of all the London boroughs – up 0.9% on a monthly basis and 1.3% year-on-year to reach an average of £638,500 by the end of 2019.
The election result and more certainty on Brexit is clearly contributing to a much-needed recovery in confidence which could result in an early 2020 property market bounce.