Property News · July 17, 2019

London house prices suffer biggest slump since 2009 amid Brexit anxiety – business live


Rolling coverage of the latest economic and financial news, as UK housing market keeps slowing and the pound hits fresh lowsBreaking: London house prices fell 4.4% in MayBiggest decline in a decadeUK house price growth slows to 1.2%Introduction: Pound hits fresh 27-month lowNo-deal Brexit fears drove sterling below $1.24 10.59am BST There’s a big difference between ‘more affordable’ and ‘actually affordable’.Despite the recent slowdown, getting onto the UK housing ladder – or shimmying up a few rungs – is a real challenge.ONS data out today shows UK house price growth is slowing – but the gap between earnings and house prices that has opened up over the long run still remains stark pic.twitter.com/RR7g9ey5ZCThe national picture is largely driven by what’s going on in the capital – London house prices have fallen more than 4 per cent over the last year pic.twitter.com/S3b0usUzhuBut the bigger picture is that for many young people and those on lower incomes buying a home remains out of reach across large parts of the country – not just London & the South East pic.twitter.com/kb1f2iHivG 10.56am BST Annual Change in London House Prices pic.twitter.com/nAcbSbQnRf Continue reading…

Source : theguardian.com
Read more…London house prices suffer biggest slump since 2009 amid Brexit anxiety – business live

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