Political uncertainty still putting brakes on UK prime housing markets

The prime property market in London held firm in the second quarter of 2019 while regional areas saw price growth, narrowing the gap with the capital, the latest analysis shows. In South West London prime property prices increased by 1.2% but this is the only part of the market not showing a fall in values year on year, according to the report from international real estate advisors Savills. But it is the first time since the third quarter of 2015 that average values across the prime London residential markets held their own despite prices still down by 1.8% on an annual basis. But the report points out that this is less than half the level seen this time last year.