London house prices fall at fastest rate in 10 years

Updated: Nov 18, 2019

House prices in London have fallen at their fastest pace since the financial crash a decade ago as the capital bears the brunt of the nationwide torpor in the property market.


# Europe. UK. London. Prices. Investment

Amid a dearth of potential buyers, the cost of a home in London was 4.4% lower in May than a year earlier, according to the latest official snapshot of the market from the Office for National Statistics.


The ONS said it was the biggest drop in London prices since the 7.0% annual fall recorded in August 2009 – a period that included the near-meltdown of the global banking system in the autumn of 2008.



Interested in buying, selling, or management? Contact our team today.


myResidential Team

+44 203 239 4012

info@myResidential.org

2 views

WANT TO BUY OR SELL A PROPERTY?

  • Facebook
  • Twitter
  • YouTube
  • Instagram

ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SIZE, ROOM COUNT, NUMBER OF BEDROOMS AND AMENITIES IN THE PROPERTY. LISTINGS SHOULD BE VERIFIED INDEPENDENTLY

© 2020  All Rights Reserved   |   myResidential is registered in England and Wales.