Prices of new build properties have reduced by -7% as price inflation has eased and housing market activity is subdued across the country.
Read More
Category Archives: London House Prices
Property price growth in London have reduced and is now 3.7% over the year in contrast to a rise in prices on average in the country.
Growth in house prices is at the lowest rate since May 2013 and more than halving over the year with no growth in the last month.
The rate of house price growth has reduced to 6.2% in a year even though moderate UK demand continues to exceed supply.
House prices outpace homeowner earnings in 119 local areas over past two years with majority located in the southern England.
Hometrack data shows London with the slowest rate of growth for four years and the fastest house price rise is now from regional cities.
Home buyer borrowing in London reduces 5% or £310 million in the final quarter of 2016 continuing the downward trend for the capital.
House prices in the East of England remain strong up 11% over the year despite a slowdown in property sales across the country.
Crossrail has boosted average house prices by up to 60% for homes in towns near to stations ahead of the 2019 launch date.
The rise in property values for the East of England are leading the market with new-build homes seeing a 32% price increase in the last year.