Housing market reports are sounding the alarm that house prices are still declining in London. Still declining being their keywords. London had through many years, especially during the recession, had vibrant growth in their house prices. That growth helped the average house price in the UK from looking as bad as it did without the growth of London’s properties. The property value growth was so strong that it reached levels making properties out of reach. Any declines were looked at as a normal and much needed correction to the London housing market by many experts.

Now many reports start out with news about the London housing market. There are headlines that there is yet another month of recorded declines in the housing market in London. The headlines don’t leave enough room to report that there is surprising demand and strong growth in areas outside of London.

First time buyers are showing up to take advantage of the market and the low interest prices attached to mortgages. Those that couldn’t afford or invest in property in London are seeking out property in the surrounding areas. Also, there is a strong showing of homeowners in the market looking to buy their second home, an investment property to buy to let, or a holiday home.

It is true that Brexit has left some uncertainty and there are those that are cautious, but the dream of being a homeowner isn’t dying out easily. Hopeful homebuyers are still in the market, and despite the decline in London house prices, it doesn’t mean that gloom and doom is shadowing over the horizon. Maybe it isn’t a bad thing that London house prices are declining, perhaps it will open up the market to more buyers that want and need to live near the capital.