At the other end of the scale, the steepest drop was in Aberdeen, where values slumped 14 per cent – mostly because of a slide in oil prices which hit demand for property at the North Sea town. There has been just a 1 per cent rise in London.
Before the referendum, the Treasury warned prices across Britain might collapse by as much as 18 per cent.
Risk Warning
Property prices can go down as well as up. Homes can be repossessed if you do not keep up with payments. Properties purchased off-plan or incomplete can be open to further risks and losses to buyers. We urge buyers to seek legal advice where possible and must stress that investing in property does carry risk. Sales are conducted direct between the buyer and the vendor. Every care is taken to ensure that all marketing materials, prices, floor plans, visuals, brochures are correct at time of issue however these do not constitute property particulars for contractual purposes. Please be sure to check all final materials ahead of signing any purchase contract and conduct your own due diligence. Asset Opportunities are a marketing agent that presents direct developer and owner stock to property investors and buyers. Asset Opportunities never hold funds or take payments, admin fees or membership payments from investors.
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