London leads way as house prices drop 2.3% in August

The rate of London house price growth has dropped from 13% to 3% in the past 12 months, according to the May 2017 UK Cities House Price Index from Hometrack. Overall city house price growth for the UK is slower than a year ago, but average values rose by 3.5% in the last three months.

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London’s property market has recorded its worst year in a decade as prices sunk by 4.4% in the year to May, according to official figures. Prices in the capital slid by 2.5% between April and.

6 days ago. London house prices suffered a staggering 4.4 per cent annual drop in. The 4.4 per cent fall was the worst annual decline London house prices have seen since August. The value of new build homes in London fell 2.3 per cent year on. leading the way ahead of London and the south east where prices.

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The price of property coming to market in Greater London falls by a modest 0.2% (-939) this month. This compares favourably to the average 0.6% monthly fall for July over the previous five years. A significant drop in the number of properties coming to market is helping to balance supply with the reduced demand, and underpin prices.

After all, long-term capital misallocation can only lead to lower productivity and lower long-term returns for everyone. Add to that the cyclical threats in the market and it is hard to be positive.

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Inflation was modest in June, as prices of energy, groceries and prescription drugs all declined. Overall costs have increased 1.6% from 12 months ago, and 2.1% for the core rate, which is.

The fall was led by London, where average asking prices fell by 3.1 per cent to 609,205, and the southeast, where prices dropped by 2.3 per cent to 402,562.

London’s house prices are continuing to slide, with average asking prices down just over 11,000 year on year. One and two bedroom properties have seen the largest price drops since July 2017, providing some much-needed good news for beleaguered first time buyers. starter-home prices have fallen.

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