After years or price rises, in my area (edge of London), I'm finally seeing price falls of around 15% from peak.
Lots of evidence in recent months of house price falls starting and picking up in London/South East, and usually once they start here, price falls spread elsewhere.
House prices are down on average 17K since July 2017 in London. "The average price of a home for the capital as a whole was £471,986, down from a peak of £488,247 last July."
There is little the government can do to mitigate it this time round, as interest rates are already at record lows. All signs are currently pointing to the top of the market having been reached and prices about to crash.
Such as:
www.theguardian.com/business/2018/apr/18/london-house-prices-fall-average-uk
www.thisismoney.co.uk/money/mortgageshome/article-5733321/Beware-red-danger-signs-house-prices-Young-buyers-borrow-record-sums.html
www.theguardian.com/money/2018/may/12/house-prices-are-on-the-slide-where-will-they-go-now
www.independent.co.uk/news/business/news/house-prices-fall-housing-market-rics-survey-april-a8343561.html
www.propertyweek.com/finance/house-price-falls-continue-in-london-and-spread-to-south-west/5096455.article
www.theguardian.com/commentisfree/2018/may/10/celebrate-house-prices-falling-britain-property-values
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To think that big house price falls finally on the way?
999 replies
qwertyflirty · 16/05/2018 09:23
OP posts:
BrandNewHouse ·
16/05/2018 09:38
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