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Property Market 'will Struggle', Landlord Insurance Policyholders Told

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Landlord insurance policyholders have been warned that the Greater London and UK property markets will continue to struggle because of fears of a double-dip recession.

Property prices in London fell in August for the first time this year, according to data from the Royal Institute of Chartered Surveyors (Rics). Meanwhile the balance of new sales dropped from 24 per cent in July to minus seven per cent last month.

Hugh Best, head of investment management at London Central Portfolio, said that current doubts over employment levels and access to mortgages would naturally be reflected in the housing market.

"With growing uncertainty over a double-dip recession and general belt-tightening following the austerity measures, it seems likely that the national property market - and therefore the greater London property market - will struggle for some time," Mr Best explained.

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  • 429 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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