The past months had seen a great change to this country, currency value sliding down, property market slowing down, and foreign investors turning away.
It seemed every good thing is waving goodbye to UK together with EU. But is it true?
Just in this week, The Guardian said ‘Average London house price down by £30,000 in July, says Haart’. A whopping £30k? Does that mean it is more affordable to buy a house now?
In fact, things are not as good as it looks.
If you take a look at the London average asking price table from right move, it is manifest to see there was a great difference between inner and outer London. Inner London’s house asking price is lower, and outer London’s house’s is higher.
Not everyone can afford a 2 bed flat in Chelsea, so what’s the differences between £2.5 million and £2.45 million pounds?
It looks like a £500k discount is applied on this property after Brexit, but does it have anything to do with those majorities who are buying a house now?
Meanwhile the interest rate is looking to cut again by the end of this year. By cutting its interest rate, bank of England is releasing the uncertainties to all investors, making them being hesitate to make a move in UK.
All the uncertainties had pushed a type of investors to put their eye on property market. As the pound sterling is cheaper, they are more affordable than before, and they had already started to buy out the capital.
Find out more about this type of investors, please contact the author through us for more details.