London Housing Prices Are Down: What Nick Millican Has to Say

Real estate agent Nick Millican talks about the UK´s current housing trends. In an unusual turn of events, housing prices in London have fallen by an average of 5% across most areas of the city compared to last year, with only a few places seeing modest growth. 

While this has meant London homeowners looking to sell have had to lower their expectations a bit, especially those living in the more expensive center of the city, this comes as great news to those looking to break into the London market. And this is where real estate expert Nick Millican comes in. 

Well-known for his exceptional asset management and development expertise, real estate specialist Nick Millican says that now is one of the best times people can gain access to London properties. 

Although he largely attributes this uncharacteristic drop in prices to several factors, including a steady decline in mortgage interest rates and a lowering rate of inflation in the UK overall, he suggests that this trend is especially prominent at the moment due to improved weather conditions as spring through mid-summer is the busiest time of year for real-estate. For Nick Millican this is the start of the ending of the current housing crisis. 

However, the real estate agent notes that lower housing prices are likely to continue well into the autumn as many potential sellers will be hesitant to hold onto properties they’re looking to get rid until after the parliamentary elections later in 2024 due to the uncertain economic conditions that might follow. Follow up on Nick Millican advice if buying or selling a home. 

Real estate agent Nick Millican talks about the UK´s current housing trends. In an unusual turn of events, housing prices in London have fallen by an average of 5% across most areas of the city compared to last year, with only a few places seeing modest growth.    While this has meant London homeowners looking…