I've had a quick scout round for evidence supporting Movi's claim that BREXIT is the cause. Can't find the cause in the current BBC report but in a different one one from June BREXIT is given the credit, saying "buyers’ “firepower†[is] limited by the squeeze on household incomes that followed the Brexit Referendum."
www.homesandproperty.co.uk/property-news/london-house-prices-falling-at-fastest-rate-in-almost-a-decade-but-theyre-still-50-per-cent-higher-a121716.html
So I'm not so sure that's a positive really. And I'd like stability on house prices but my feeling is a large drop (and many falling into negative equity) is not really that desirable.
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