London property market crashes

London house prices crashed by an average 14.5 per cent in the last 12 months the fall accelerated through “a year of turmoil” with a drop of 2.4 per cent last month alone.

The worst hit areas were City of Westminister which plunged 21 per cent. The borough of Waltham Forest 17 per cent. Other borough breakdown reveals how even the current depressed values are far higher than levels at the start of the economic boom times nearly a decade ago. Read more