St John's Wood is a very chic neighborhood in London. It is best known for its famous pedestrian crossing ""Abbey Road"" visible on the cover of the disc of the Beatles which has the same name.
NW8 is the famous post code of St John's Wood which is ranked 5th most expensive postal code in London thanks to the presence of many wealthy people such as doctors and other medical specialists. Architects built large Italian villas, surrounded by large gardens, but also modern luxury buildings that have expanded the available property offer. It is a very pleasant neighborhood, which, with its very chic side, has kept its village spirit.
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.