In most cases, a drop in house prices is exaggerated at the top end of the market. Those who have been following along carefully will know that the capital’s prime market hasn’t had the best of times over the last few years, and any further dip brought about by this pandemic could push these homes into becoming an irresistible opportunity for those who can afford them.
The Brexit process hit the prime market particularly hard, pushing many ‘dream home’ prices downwards. Although there was a definite turnaround in fortunes earlier this year, COVID-19 looks set to reverse that once again, sending these seven- and eight-figure homes south once again.
