As uncertainty continues to grow within British politics, housing prices in the country's capital have been brought to a standstill. Experts expect the first three months of 2019 to be bleak for the housing market across the country, especially in London and the southeast.

Estate agent Foxton recently revealed that its 2018 profits fell by 80% due to the inactive market, which was "one of the toughest sales markets". Other estate agents also share the same pessimism. According to Nationwide's chief economist Robert Gardner, "the recent slowdown is attributable to the impact of the uncertain economic outlook on buyer sentiment". They do not expect the market to recover any time before March 29th.

With only 57 days left until Brexit becomes a reality, the country struggles to find a solution to stabilize the economy. As the possibility of no deal grows, business confidence declines dramatically, with many foreign investors' delaying plans to advance.

London's house prices peaked in July 2017 and have been halting since. A reduction in stamp duty has been introduced in the hope of boosting the stalling housing market, but evidently without much effect.

For the foreseeable future, it's likely that the future of the housing market will remain bleak. Another real estate agency, Savills, predicts a 2% drop in 2019. Rightmove has also reported a 1.8% fall in asking price, which can easily result in a real fall in house prices.