First-timers cash in on slump in London house prices

Updated: Nov 18, 2019

# Houses in London

House prices have plummeted and first-time buyers are cashing in on the slump. Buyers are paying less than a year ago in 26 London boroughs, according to Land Registry data analysed by housing developer Project Etopia. Merton residents are making big savings, with property prices down five per cent on the previous 12 months.

The average cost of a home in Merton is £438,914, and the decrease has opened new opportunity for buyers looking for their first home. House prices in Croydon are down 4.1 per cent with first-time buyers forking out an average of £303,995...Read more ...

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