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Latest London Property News – July 2018

Market Overview

The latest figures from the Land Registry show prices in the capital dropped by 0.4% to an average of £478,853 in the year to May, still well out of reach for most young Londoners. Richard Snook, senior economist at PwC, gives three reasons why affordability in the capital has been stretched: “a high deposit saving hurdle, increased economic uncertainty relating to Brexit acting as a drag on international investment, and reduced numbers of housing transactions due to stamp duty changes”. Continue reading “Latest London Property News – July 2018” »