Declining housing prices due to additional stamp duty tax, rising unaffordability, Brexit uncertainty and general election results, while other English cities still going strong. London has historically seen price growth in the range of 8-10% till mid-2016. The last year has seen this reduce to 5% y-o-y till May’17 followed by declining price of -1-1.5% in the last quarter. Annual price rise now stands at 2.6% y-o-y until August’17.
London Housing Snapshot
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