Pursuits
U.K. Home Prices Seen Lower in 2015 on Vote Uncertainty
This article is for subscribers only.
U.K. house prices will decline in 2015, led by a slump in London, as uncertainty over May’s general election and proposed property taxes tarnish the country’s image as a safe haven for foreign buyers.
Prices will fall by 0.6 percent nationwide and 3.3 percent in London, the Centre for Economics and Business Research said in an e-mailed report. That compares with an 8.8 percent rise in U.K. values and a 16.8 percent increase in the capital last year.