Brondesbury is a prosperous, peaceful and affluent suburb north of London. At first, the neighborhood was a rural area that made access to central London complicated. However, the arrival of the railways changed the perception of this remote area. In the 1860s, the neighborhood developed rapidly and many housing units were built. Soon, Brondesbury gently gave himself a peaceful and friendly image, which quickly aroused the interest of many buyers, especially with the Jewish community of London, present at that time.
Since 2011, the property prices have risen by 29% in the United Kingdom and particularly in London, where prices reached a high record . According to UBS, the Swiss banking industry heavyweight, the risk of a housing bubble is high.
Therefore, in order to stop the price boom, the British government proposed solutions in its real-estate white paper of February 2017.
Besides, because of Brexit, the country may have a lower growth compared to the past years, with a loss of purchasing power for UK residents and a potential inflation rise. This phenomenon may have an impact on housing prices which may increase more slowly in London and which may favour foreign buyers.