London Property: In the Bleak Midwinter

by Bloomberg News

With Britain’s pre-Brexit housing market gripped by fear, the London slowdown grinds on. The average home sale price across the city fell 0.2 percent in the 12 months through October, preliminary transaction data from the U.K. Land Registry show. That’s the second monthly decline in a row. In central and prime postcodes, though, the slump is much more established. Prices in our “postal districts” map have fallen for six consecutive months, and are now down an average of 2.7 percent over the past year as more and more postcodes turn blue across the city. These figures come as national mortgage approvals hit a seven-month low and house prices across the country rose the least since 2013, according to the Nationwide Building Society.

London real estate at a glance, last updated :

Highest priced sale

Median home price

Change in price from last year

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