Official statistics confirms the first fall in London’s annual house price growth of -1.0% since September 2009, the lowest in the country.
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Category Archives: London House Prices
Over the past two years house price growth has exceeded earnings for a fifth of homeowners by as much as £52,000 in some areas.
London is the worst performing region down 1% for the year while house price grow across the country is subdued.
Annual house price growth in London is only one percent with property values falling in 42% of postcodes in the capital.
Half of the regions in the country have posted falls in house prices for the month with the North East reducing -5.5% over the month.
Properties in the South West of England are rising at 7.5% over the year compared to the slowest region of London with growth of only 2.5%.
Mayor of London will restrict overseas buyers and give Londoners and UK-based buyers first dibs to secure new build homes.
The number of home movers reached 370,300 the highest level for 10 years thanks to low mortgage rates and demand for homes.
Commuter towns with good transport links and under 40 minutes from major cities have faster house price growth than the UK average.
House prices rise by a modest 2.6% with London the weakest region and least affordable due to difficulties of raising a deposit.