London House Prices Post Biggest Drop in Six Years

The video discusses the significant decline in London house prices, marking the largest drop in six years. It highlights the underperformance of prime central London areas like Kensington and Chelsea. Despite Brexit, the overall housing market remains stable, supported by a strong employment market. However, Brexit uncertainty and inflation may affect future growth. Foreign investment is expected to increase due to a weaker pound, but the market's future remains uncertain.

Which areas in London have shown the most significant decline in house prices?

• South London

• Kensington and Chelsea

• Greater London

• East London

What has been the impact of the Brexit referendum on the housing market?

• It resulted in a complete halt of house sales.

• It caused an immediate crash in the market.

• It led to a significant increase in house prices.

• The market has remained relatively stable.

What is one reason why the housing market is not expected to crash?

• High interest rates

• Strong employment market

• Decreasing population

• Government intervention

How might a weaker pound affect foreign investment in the London housing market?

• It will attract more foreign investment due to cheaper prices.

• It will have no effect on foreign investment.

• It will make London properties more expensive for foreigners.

• It will discourage foreign investment.

What factor could potentially slow down the consumer sector despite its resilience post-Brexit?

• Increasing interest rates

• Government policies

• Decreasing employment

• Rising inflation