London house prices fall at fastest rate since 2009 crisis

House prices in the U.K. capital, traditionally one of the more crisis-proof assets in the investment universe, are now falling at their fastest rate since 2009, according to new data out at the.

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London house prices are shrinking at a rate not seen since the aftermath of the global financial crisis. Flash data revealed monday by Acadata and LSL Property Services showed that, on average, home prices in Greater London fell 2.7 percent in September when compared to the same month a year earlier – the biggest fall recorded since 2009.

House prices in London fell in May at their fastest rate for almost a decade, according to official figures. The Office for National Statistics (ONS) reported a 4.4% decline, on an annual basis, in residential property costs in the capital.

LONDON – House prices in London are falling at the fastest rate since the depths of the UK’s last recession during the global financial crisis, a survey from Acadata released on Monday showed.

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Average house prices in England have recorded their first annual fall since 2012, as property values in London tumbled at their fastest year-on-year rate in a decade. the fastest pace of decline.

LONDON. house prices rose at the weakest annual pace in 5 1/2 years in January, curtailed by the biggest drop in London prices since September 2009, just after the low point of the global financial.

This was the fastest rate of decline since the UK and global financial crisis in 2009. The average london house price fell to 430,759, its lowest since the end of 2015. Average prices of London property continued to drop this month with house prices in the capital down by 0.6%, contributing to an overall fall of 2% for the year.

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London house prices are now 6.4% below their July 2017 peak, a disappointment to some homeowners but a much smaller fall than the 17.8% peak-to-trough hit during the global financial crisis. Furthermore, the current downturn in the capital represents only a small hit given that London house prices have almost doubled since the financial crisis.