PRICE growth in the Prime London property market is expected to be lower this year.
Economic uncertainty and the threat of rising inflation will affect the market and analysis from the real estate firm Cluttons suggests prime property prices will fall by 0.7 per cent by the end of the year. Prices are expected to rise by one per cent in 2018. According to Cluttons prices should rise by around two or three per cent between 2019 and 2021 as long as Brexit negotiations stay on track. The firm predicts that several areas of London will see prices remain the same over 2017 including Westminster, St John’s Wood, Regent’s Park, Hampstead, Battersea, Clapham, Wandsworth and the South Bank.
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