London’s housing market has seen only a 9% price rise over the last decade, far below the national 40% increase. The slowdown is blamed on prolonged political uncertainty, the pandemic, and economic headwinds, with Brexit and subsequent inflation and interest rate hikes affecting affordability. Despite these challenges, London’s core strengths are expected to sustain future resilience.
London’s housing market has seen only a 9% price rise over the last decade, far below the national 40% increase. The slowdown is blamed on prolonged political uncertainty, the pandemic, and economic headwinds, with Brexit and subsequent inflation and interest rate hikes affecting affordability. Despite these challenges, London’s core strengths are expected to sustain future resilience.