Property News · April 24, 2017

London house prices see sharpest fall in eight years


London house prices posted their largest annual drop in almost eight years in April as buyers shunned the British capital’s central areas.
The average asking price in the city fell 1.5 per cent to £636,777 (US$813,000) from April last year, the largest annual decline since May 2009, property website Rightmove said. On the month, asking prices decreased 2 per cent.
London’s housing market has underperformed the rest of the country since the start of 2016 after demand was hit by…

Source : South China Morning Post
Read more…London house prices see sharpest fall in eight years

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