Worried about the housing market? You’re not alone. A new study reveals investors are losing faith in London property, with fears growing over government policies and the rising cost of living. Is the London property dream over?

A recent survey by Enness Global, a top finance broker, asked over 100 wealthy investors about their thoughts on the Prime London property market. The results are in, and it’s not looking good for the capital.

Here’s the summary:

Confidence Crisis Hits Home

• 41.5% of investors said they felt less confident about London property compared to last year.
• International investors are even more worried, with 53.1% feeling less confident.
• Those earning over £200,000 are also feeling the pinch, with 56.8% less confident in the market.

What’s Causing the Jitters?

• Government Policies: Investors are worried about potential changes coming from the Labour government, like higher taxes.
• Economic Uncertainty: Rising interest rates and the increasing cost of living are making investors nervous.

Is There Any Good News?

It’s not all doom and gloom! London is still a global hub for luxury property, rubbing shoulders with New York and Dubai.

Some investors are still optimistic, citing:

• High Demand: People are always going to need homes, especially in a busy city like London.
• Investment Potential: London property is still considered a good long-term investment.

What Happens Next?

All eyes are on the government’s Autumn Budget. Investors want to see policies that boost confidence in the London market, like:

• Tax Breaks: Could we see incentives for property investors?
• Support for Buyers: Measures to help people get on the property ladder could boost demand.

The Bottom Line:

The London property market is facing some challenges. Investors are worried, but there are still opportunities for those willing to take the plunge. The government’s next move could be crucial in restoring confidence and attracting investment back to the capital.