2018 London forecast: Re-adjustment to continue with prices to fall by further 2% 

  • With the price of property coming to market in London down overall by 1.8% in 2017, Rightmove forecasts another tough year for many of those looking to sell in 2018 as buyers will continue to hold the upper hand
  • Rightmove predicts a further average 2% drop in new seller asking prices in 2018, though the lower and middle sectors of the market will continue to outperform the upper Check out our guide on how to choose your estate agent
    • Typical first-time buyer sector properties will show more price resilience following stamp duty savings – 2018 prices predicted to edge closer to recovery with a 1% fall compared to -2.0% this year
    • The middle ‘second-stepper’ sector is forecast to remain challenged next year (-1.5%) compared to this year (-1.1%), as costs of both stamp duty and trading up remain high
    • Prices in the upper ‘top of the ladder’ sector are predicted to further weaken with a 4% drop next year compared to the 3.7% drop recorded this year as sellers’ resolve to hold out for higher prices weakens

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