First fall in London house prices in eight years
Year-on-year, the Nationwide index is showing a 0.6% fall for London, set against a 2% rise across the UK. Blame Brexit… for the fall in the power of the pound at home, and a lack of confidence among foreign buyers, who have always been an important factor in the London market. In fact, London was the weakest-performing region, for the first time since 2005. Get your own copy here.