A decade since Brexit: How London's housing market got pushed into slow lane in the aftermath
London's housing market has experienced a decade of subdued growth, with a mere nine percent price increase since the Brexit vote, starkly contrasting the national 40 percent rise. Experts attribute this slowdown to prolonged political uncertainty, the pandemic, and economic headwinds. While Brexit played a role, subsequent crises like inflation and rising interest rates have also significantly impacted affordability, though London's inherent strengths are expected to ensure future resilience.
London's housing market has experienced a decade of subdued growth, with a mere nine percent price increase since the Brexit vote, starkly contrasting the national 40 percent rise. Experts attribute this slowdown to prolonged political uncertainty, the pandemic, and economic headwinds. While Brexit played a role, subsequent crises like inflation and rising interest rates have also significantly impacted affordability, though London's inherent strengths are expected to ensure future resilience.
