London: house prices from 2009 the fastest decline

According to a recent report, the average price of real estate market research firm Exadata, a house in London (UK) levels decreased by 593.396 (820 GBP / USD) in January 2018 compared to 2,6%, the average reduction of years ago. This is the most powerful level decreased from August / 2009.

It should be said that the downward trend appears to have no end or even have a negative risk. Xi'an Road, Cook, director of the real estate research department of the residents is defined in the Savills PLC: "the London market will become the worst performance in the UK for five years".

In the past ten years, in the London house prices kept rising because of the sensitive elements of economic and political. The main element is caused by the real estate market here has become fragile, because of the nature of instability, since you left the European Union (Brexit). In addition, gradually raise interest rates, loan limit, lost a lot of help to the real estate market.

In London, the price of the house in the lower, the fastest rate since 2009

In a public report last week is the Royal surveyors execute chartered Institution, Simon Savills Aldous, the director said, from the first year to 2018 today, many commercial activities down the real estate agent's office. According to the report, the number of events in 10%, sell at a higher price than the customer quality issues. The main reason is the unstable property from Brexit.

In this case, the various departments of the real estate prices in London who is the most popular the most important goal, last year and forecast still maintain this position this year.

The cold state of the real estate market in London, the energy in the construction of buyers to set new records. London Molior report shows that by 2017, the number of real estates has not been completely unable to find buyers increased 12.952 units. This is the largest inventory of Digital Research Company since began collecting data in 2009. Based on the current price, need 13 years all the stock consumption, the longest period from 2010.

At the same time, the market has no property in the light of the rent than those with tax policy on 3% more people playing landlords in London on Monday had been sold to the cost of real estate is too large, in order to avoid a large number of passengers, when rents fall. According to reports, from Kent on you in London time is the master who pays a high cost in your business activities of real estate leasing.

The average investment real estate lease to pay 6.535 pounds in London to buy a year maintenance, insurance, and payment account to your apartment, only higher than the average level of 3.632 pounds in the UK.

Economic expert evaluation, "a lot of clouds will dim sky shrouded London, the real estate market has no future here concerns Brexit positive, the slowdown in economic growth, accelerating inflation pressure on the market, when the central bank to raise interest rates, let you see the real estate market has become more and more difficult.