London house prices could soar by 15% if UK signs trade deal with EU

Written by Oliver Wade

Prime Central London house price growth could soar by 15% over the next five years if Britain signs a trade deal with the European Union (EU), according to a new report.

Real estate giant JLL published its latest residential report yesterday and forecast that London’s high-end property market could be set for a resurgence, if an expected bounce in confidence returns to the capital.

Despite stamp duty changes and political volatility causing a slowdown in demand for many of London’s most expensive properties in the last four years, the figures from the report projected a quick turnaround on the condition that the UK signs a trade deal with the EU.

Furthermore, the report predicted that overall house prices across the UK are set to grow by 11.4% in the next five years, with London experiencing a sharper growth than most other regions of the UK.

JLL has predicted a 90% probability of a Brexit deal being negotiated, and stated that greater certainty from a deal with Brussels would immediately boost demand from domestic and foreign buyers, with the latter keen to benefit from the short-term currency advantage.

    Share Story:

Specialist FTB and BTL markets
Adam Cadle talks to Vida Homeloans director of sales - mortgages Louisa Sedgwick about the specialist first time buyer and buy to let markets


Subscribe to our newsletter to receive breaking news by email.

MoneyAge welcome
MoneyAge Editor Adam Cadle discusses the brand and what is on offer

World Markets (15 minute+ time delay)