High priced homes in London are finding it very difficult to sell after the Brexit referendum, leading to theories that the London property market has peaked.
The market was slowing down prior to Brexit however an analysts has harmed confidence in the London market even further. Houses more than £1.5 million (mostly from London_ are the highest effected with a slowdown in the amount of buyers compared to sellers. If compared to a year ago there were nearly 4 1/2 times more houses on the market as there were sold. Properties outside of London on the lower end of the scale had remained nearly unchanged indicating that consumer confidence has not change from the referendum.