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.
The rate of house price growth has reduced to 6.2% in a year even though moderate UK demand continues to exceed supply.
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.
House prices will rise next year but at a slower rate according to the Halifax outlook report UK towns record biggest gains for 2016.
House prices for London fall for the month of October as the UK property market slows although areas outside the South East see growth.
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