UK house price growth hovered between 4-5% between February 2017 and February 2018, despite a slowdown in some parts of the capital. Nearly two years on, fears of a collapse in UK prices following the Brexit vote have proven totally wrong. On the contrary, many major cities, particularly those in the north of England, are witnessing steady increases due to improved transport links as a result of HS2. Prime property in areas of London such as Kensington and Chelsea have witnessed a downturn, with an average price fall of £300,000 in recent years; Southwark, meanwhile, has seen average gains of nearly £60,000 over the same period.
This post first appeared on The Market Mogul.
