Buyer demand in London strongest in Hillingdon and Enfield09 Oct 2017
Buyer demand in London is down overall in the third quarter, though demand in Hillingdon increased by 43% and Enfield by 37%.
The London Borough of Bexley topped the list for buyer demand in the capital, with an increase of 52%.
Property demand across the UK as a whole has increased by 5%, the same increase as the previous quarter.
Despite a slowing sales market in London, the outer London boroughs in particular continue to see price growth and movement in the sales market.
However, the overall picture for London was less positive when compared with the rest of the UK. In terms of buyer demand, London is underperforming when compared with other regions. Only the North East experienced a lower level of buyer demand, at 22%.
Though demand for rental properties in London remains strong, ongoing uncertainty caused by Brexit and a weakened political situation following the General Election in June has made buyers and vendors more cautious.
This uncertainty will likely continue until there is greater clarity over what the UK’s relationship with the EU will look like following Brexit.
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