The past week has been a dark one in London’s illustrious history. The riots have not only destroyed people’s trust, their communities and businesses; they have also left some investors wondering whether London property prices will be affected.
Initially the riots only occurred in London but they soon spread to other major towns and cities leaving some suggesting that the riots could affect houses prices UK wide.
I don’t see the need to be worried. Next month when the data for UK property prices are released we may see a slow month with no growth or even a small dip. This however will be counter balanced the following month when the buyers who held off from purchasing/investing will come back to the market. If you invest in property for the long term then these events, however unsavoury, will not affect your overall plan.
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