prices in London

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The inflation for house prices reached a 5 years low: 4.9% this April compared to the average of 6.9% in the last 5 years.

Considering the fall from the last quarter of 2017, what the housing market is feeling now is actually a rise of 2.9% for prices. But this is mainly because the last quarter of 2017 consisted of a fall of 0.5%, instead of a growth.

Large regional cities are the strongest perfomers with signs of slower growth across the south coast. The pace of overall city level growth is losing momentum, partly due to static prices in London.

One of the cities with the fastest growth rate is Manchester, but the situation is unique in each UK large city.

London is actually the most particular: most of the authorities signalized a growth, but there is still a consistant number (16 out of 46) that are registering a negative growth and prices falling.

Details and an overlook in this very good analysis on Hometrack:

UK Cities House Price Index – April 2018


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Not as a surprise, the highest price per square meter is in London. The prices here doubled between 2004 and 2016.

However, the difference between the lowest price per square meter in the UK (Blaenau Gwent in Wales – £777) and the highest (the London borough of Kensington and Chelsea – £19,400) is enormous. The main causes and some of the effects on the long term you can find in this article on PropertyWire.

Astounding £18,000 difference between highest and lowest home prices per square meter

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