British Property Prices

The new average rent in London has risen to an astounding GBP 2,480 per month, setting a record high.

From computers and cars to carpets and food, Britain's decision to leave the EU is beginning to hit consumers in the pocket, having already spread uncertainty through the property market.

After a slump in 2008 during the global financial crisis, the sector recovered, first tentatively and then at full pelt, with average prices this year reaching 54 per cent higher than their pre-crisis peak.

With property prices in Britain predicted to plummet post-Brexit, foreign investors, especially in Asia, are already poised for a buying spree.

Capital is a portrait of a road transformed by soaring property prices

Expensive housing, an overloaded transport system and a lack of space are driving thousands of Londoners out of the hectic British capital to other, calmer cities such as Birmingham.

The new average rent in London has risen to an astounding GBP 2,480 per month, setting a record high.

From computers and cars to carpets and food, Britain's decision to leave the EU is beginning to hit consumers in the pocket, having already spread uncertainty through the property market.

After a slump in 2008 during the global financial crisis, the sector recovered, first tentatively and then at full pelt, with average prices this year reaching 54 per cent higher than their pre-crisis peak.

With property prices in Britain predicted to plummet post-Brexit, foreign investors, especially in Asia, are already poised for a buying spree.

Capital is a portrait of a road transformed by soaring property prices

Expensive housing, an overloaded transport system and a lack of space are driving thousands of Londoners out of the hectic British capital to other, calmer cities such as Birmingham.