House prices in many parts of London have been falling for some time, with the froth coming off the overheated market.
This was due to dampened demand, as buyers were put off by tax changes, high prices and poor value for money. The number of sales in the city has fallen by a quarter since 2014.
But this correction may be ending: in October 2018, the level of house price falls in London plateaued, according to new research by Zoopla. The number of areas in London registering a drop in house prices over the past 12 months is now 68 per cent, down from a peak of 80 per cent back in October.
It predicted that house price growth will be flat this year, before picking up in 2020. As the cost of buying...
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