For some time now, even prior to the referendum, many experts have lined up to predict an imminent popping of the London property bubble. However, figures and stats have been anything but clear-cut on this issue – whilst prices across the entire capital have experienced an annual growth of 12.6% as of June (The Financial Times), some do note the slowing in property transactions where homes placed on the market versus the number of agreed sales usually achieves a ratio of 1.1:1, which compares to the current rate of 1.6:1 which has applied since August.
Nevertheless, the wild predictions of a property bubble about to pop remain anything but realised.
