Could a “Yes” vote in the Scottish referendum further boost London property prices?

News at Eden Harper | 17/09/2014


If the Scottish people vote for independence on the 18th of September, property prices could boom, Rightmove has said in its monthly house price survey.

In the event of a “Yes” vote and if financial institutions and wealthy individuals decide to move to London, the influx may push up prices just as foreign investors have helped to trigger a surge in prime parts of London.
Big banks such as Royal Bank of Scotland and Lloyds have said they will move their legal bases to England if Scotland votes for independence. The latest polls show the referendum is currently too close to call – despite the “Yes” vote having sparked fear into the heart of the Westminster establishment when it took the lead the other week.

Politics is certainly getting interesting. With enormous constitutional questions set to be thrown up in the event of both a Yes and a No vote, the outcome will be a major event in British history. We’ll all have to sit back and see as what the knock-on effects will be – right now it’s anyone’s guess!

For more information click on the source below:

Bloomberg

Our offices are now open reduced hours 10.00am - 4.00pm weekdays, with front office staff working on rota to reduce numbers in the office at any one time. Property Management are still predominantly working from home. We are able to carry out viewings and deal with enquiries, subject to health and safety protocols being strictly followed. Please visit our contact page or Property Management section to email or phone the appropriate department. We will of course endeavour to respond to any messages as quickly as possible. If you wish to visit our offices, then please call to make an appointment first and all visitiors will be expected to wear a facemask and gloves. Thank you for your cooperation and stay safe.
Covid 19 Information Hide