As political and economic uncertainty around Brexit continues, the start of 2018 will not mark a new chapter for the London property market. Proving itself fairly resilient, transactions are likely to remain at current levels (possibly a little lower), with a steady 1-3% price increase predicted.
Despite a cautious market, the relatively low mortgage rates should remain, with any further interest level increases minimal. The Autumn Budget will boost affordability for First Time Buyers in the short-term, and further government investment in Help To Buy schemes will provide some support for sales.
Click here if you’re planning on making a move in 2018!