Property sales fall 20% in London

 Property sales in London fell 20% over the past four years. This might show some issues of Britain. Firstly, the population growth is slow and Britain is facing an aging population. Low population growth rate and aging population would decrease the demand for properties in the cities like London. Secondly, there are better alternatives to Britain. When a country has more migrants, the property sales will increase. Property sale drop may indicate Britain has been losing its attractiveness. This could be caused by the Brexit. This may also be caused by the weak economic growth. Trump is a president that is likely to bring things different to the US economy. However, the current Prime Minister is unlikely to shift the British economy from its current. This can be a good thing or a bad thing. Thirdly, other countries become more attractive, so fewer people come to Britain. More and more Chinese students who graduate from British universities find their jobs back in China, many of them believe there are more opportunities in China comparing with the UK. Fourthly, individuals in the UK, especially in cities like London, may find it better for them to rent instead of to buy their flats or houses. Fifthly, it is not a good option for investment, especially for Chinese investors. The Chinese currency is likely to continue appreciating, and the Chinese housing prices in cities like Beijing, Shanghai, increase sharply over time; under such circumstance, the housing market in the UK is not an attractive real estate market.