Despite the overall growth in property price in the UK, the Camden area of
London is suffering a lowering of values. This could be due to the overall
higher than average London housing values, a trend toward downsizing or
even the recent BREXIT. One other major factor is the ability to make the down
payment on such a costly item. Between the actual property cost and the stamp
duty, it becomes a very costly endeavor to purchase a home for young people.

Key Takeaways:

• According to the House Price Index, property prices in Camden fell 1.6 percent from March to April of this year.
• The drop can be attributed to local real estate agents suggesting that moderately lower prices will attract more buyers.
• Camden’s average house price is £814,188, which is higher than London’s average of £483,000.

“In April 2016 the 3 per cent surcharge for second homes saw a surge followed by a sharp drop off in property purchases in Camden.”

Read more: https://www.hamhigh.co.uk/property/house-price-index-ons-may-2017-london-camden-fall-1-5060453