UK house sales were 8% lower in 2015 over the year with London and majority of towns leading the way.
A study produced by the CEBR for estate agent associations shows UK house prices are expected to rise by 50% in the next ten years.
House prices in the capital have reached a new high in September and is likely to exceed half a million next month according to the Land Registry.
Sales of £1m plus properties are on average 11% in the first half of this year with London leading the fall according to data from Lloyds Bank.
Data from the Office of National Statistics show house prices are rising fastest in the East and South-East of England rather than London.
The Land Registry report shows the number of sales in England & Wales has reduced by 15% while house prices have continued to increase.
A new report from the Halifax shows average house prices are now over £200,000 pushed higher with a housing supply shortage.
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