The recent spike of interest in Fulham may be due to the opportunity of securing a Brexit bargain, especially for buyers just getting onto the property ladder. “The younger buyer is entering the market, especially for one and two-bed flats” says Ashley in House & Home, FT.
Embarking on a personal search for a first home in 2016, Ashley was looking in west London for a one bedroom flat. Despite a budget of £550,000, Fulham had nothing to offer which lead to a purchase in London Bridge. However, the change in market conditions and potential effect of the current political climate, he notes “Today I would have almost certainly found something suitable”.
According to LonRes statistics, property prices in Fulham have dropped approximately 25% since 2016.