Up To 25% Wiped Off House Prices In Some Of UK's Wealthiest Areas

House prices in some of Britain’s wealthiest areas have had up to 25% wiped off their value in 12 months as Brexit turmoil continues. That has meant typical price falls in some cases of almost £500,000. Meanwhile, data from the property website Rightmove revealed the average asking price of a London home had fallen below £600,000 for the first time since August 2015, and was well below its peak of almost £650,000 reached a few weeks before the Brexit vote in 2016. The two sets of figures come days after Britain’s surveyors issued an especially gloomy assessment, fuelled by the lack of clarity over Britain’s departure from the EU. Read more on the Guardian website.

https://www.theguardian.com/money/2019/jan/21/up-to-25-per-cent-wiped-off-house-prices-some-of-uk-wealthiest-areas-brexit