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London house prices slide as gloom sets in

Posted on 04 December 2012

Greater London saw its first house price fall in a year in November, new data has revealed this morning. This came as forecasts, also published today, saw the UK housing market taking another two years to recover to its pre-crisis peak, before staying stuck in the so-called new normal of weaker house price growth for a decade.
House prices fell 0.2 per cent across Greater London in November, Hometrack said, faster than the 0.1 per cent national fall. And the housing dynamo of central London was behind this decline, the property analytics firm showed………………………………………..Full Article: Source


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