Article 50 could be triggered by the end of March according to experts. This could cause a response from the UK housing market and ultimately, could impact house price growth in a short amount of time. As the days countdown to the departure of the UK from the EU, all eyes are on the property market, and especially on the capital city of London.

The UK housing market has slowed a bit since the beginning of 2017 with data of many sectors falling off from the pace of the last quarter of last year. House price growth has been under the microscope and continues to be a concern of many close to the housing market.

The property market within the city of London has been a hotbed of interest in recent years. Overseas investors have been quite active picking up property at any price. This has even led to many feeling the market in the capital city is too hot and could be leading quickly to a bubble situation.

Interest in London property has resulted in the increase of value. Prices of the average home in the city have surged almost 40% during the last three years. This figure is in contrast to properties outside the city which have surged only 16%. According to Savills, the next three years will see an increase of house prices outside the city limits of London by almost 20%. The central area of London means something different, however.

Depending on how favourable Brexit negotiations play out, property prices in the middle of London could be affected. They are more sensitive to most areas, especially relative to the financial sector.

The London property market is under close watch, whilst the remortgage sector continues to thrive. Lenders are offering deals with low interest rates and low admin fees suitable to many household budgets.