London: House and Price

london: The average UK house price is 216,515, according to Nationwide, so that would translate into around 21,000 off the average home, taking it back below 200,000, according to The Guardian. In London, where average prices stand at close to 500,000, the fall would be closer to 50,000. House prices and rents The possible scenario The Office for Budget Responsibility, the government's independent forecasting agency, reckons house prices will tumble by around 10% in a disorderly Brexit. Prices in the capital are already running at about 4.5% below the level of a year ago, falling at the fastest rate in a decade. What you can do Most people will sit tight and do nothing, preferring not to buy or sell during such uncertainty. Rents have been flatter across the country, but if a no-deal Brexit sees EU migrants stop coming to the UK or returning home, rents in some locations could be expected to fall. (news.financializer.com). As reported in the news.