Vauxhall is a commercial and residential district located in southwest London, in the London Borough of Lambeth. Near the Thames, this former industrial area has been undergoing a massive change in the recent years and new well-off contemporary properties with private fitness rooms and chic modern apartments in splendid residential buildings stand alongside gorgeous Victorian houses and typical mansions from the 1970s. The urban district of Vauxhall is famous for its elegant parks, its bustling nightlife as well as its friendly markets.
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.