LONDON: London house prices are falling at the fastest pace since the depths of the recession almost a decade ago, with the capital’s most expensive areas seeing the biggest declines.
Average prices fell to £593,396 in January, an annual decline of 2.6%, the most since August 2009, according to a report published by Acadata. London’s highest-priced boroughs were the biggest losers, while the largest single drop was recorded in Wandsworth, down almost 15%.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
