London, the brexit effect slows down property prices in the city

The worst fall in May 2009 is the one registered today in the value of London homes: a downturn that hit the City, where demand has been stalling for a year due to stratospheric valuations that frighten investors.

According to Bloomberg, who commented on the data provided by Rightmove Plc to worry about potential buyers, there is also an increase in inflation affecting real incomes, and Brexit-related uncertainties, which multiplied on the eve Of the start of official negotiations for the UK's exit from the European Union.

Since the beginning of 2016, the real estate market in central London is blubbering, while growing in the suburbs. The most affected buildings were the most central and therefore more expensive, with a fall in prices by more than 4 percentage points.

Compared to last April, the average price of sellers in the City fell by 1.5%, marking a record downturn against the drop in the last eight years.

In the rest of the UK, however, in April prices rose by 1.1%. The monthly figure is in any case lower than the average of 1.6% recorded in the same month of the previous seven years.