BREXIT To Contribute To London Property Bubble Bursting

– Brexit in conjunction with severe price unaffordability, rising interest rates and global economic uncertainty is leading to sharp price falls in London home prices

– London home prices have fallen five months in a row with property prices more than 7% lower in 12 months in some areas

–  The Economist has done research which suggests that London house prices are 50% overvalued and Dublin house prices are 25% overvalued

– The Economist believes that there are many cities with property bubbles vulnerable to sharp corrections due to rising interest rates and geopolitical uncertainty and  unaffordability

– Reuters poll of housing market analysts and experts predicted that London house prices will continue to fall in 2018 and 2019, with a one-in-three chance of a house price crash

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