The Brexit deadline is looming, and some are concerned about the impact it’ll have on house prices. After the EU referendum in 2016, many experts predicted a ‘doom and gloom’ scenario for the property market. To date we have seen a decrease in prices of about 10%.
Here’s more information about what to expect for the rest of 2019 and where to search for properties.
Some General Predictions
Several industry leaders have come up with house price predictions for 2019, and most agree that UK properties will continue to increase modestly in value. The exception to this is Central London, where most experts believe property prices will carry on decreasing.
Our focus is on properties in Hertfordshire and North London, and several towns and villages are increasing in value in these areas, despite the forthcoming departure from the EU. The proximity to Central London, combined with great local amenities, ensure that locations like Borehamwood, Elstree and Finchley stay popular, regardless of the current political climate.
Here’s our pick of the best places to consider, if you’re looking for solid growth in property value.
- Elstree. This charming village is still highly sought-after. It has a great range of large detached properties (ideal for growing families) and the local schools always score highly in Ofsted reports. Even better for commuters, it takes between 38 minutes and 42 minutes to reach London King’s Cross.
- Borehamwood. Best known for its connections with the UK film industry, Borehamwood is always popular with people of all ages. It has its own train station, plus offers good proximity to the M25 and M1. The bustling town centre, with its array of shops, restaurants and pubs, is also a major draw.
- Cricklewood. Prices are predicted to climb after Brexit due to the popularity of the area. It’s a great option for those looking for an alternative to West Hampstead, and there are some beautiful period properties on the market (particularly Victorian and Edwardian houses). In addition to its train station, Cricklewood is also close to the North Circular, the M1 and the A1.
Other Options
Property prices have dipped slightly in areas like Mill Hill, Finchley and Colindale. However, this may be an opportunity for savvy homebuyers, as after the Brexit uncertainties are over, it’s likely that house prices will start to rise again. This means there’s a chance to make a good profit from capital growth.