From Dailymail · · 50s
London flat prices drop £71,000 in four years
London's inner city flats now £71,000 cheaper than four years ago, with annual declines accelerating.
In brief
London's inner city flats now £71,000 cheaper than four years ago, with annual declines accelerating. Inner London flat prices have fallen 8.4% in the last year, reaching £522,839. Originally reported by Dailymail.
London flat prices fall
Inner London flats now £71,000 cheaper than four years ago, with prices down 8.4% in the last year.
“No-one rings a bell when a falling market hits the bottom, but after months of correction it appears that London prices are now bumping along the seabed rather than sinking.”
Typical inner london price
The average inner london flat is worth £522,839 as of July, down from £594,135 in September 2022.
Annual decline rate
London homes have lost 3.3% of value annually, with outer boroughs holding up better than inner boroughs.
Regional price trends
South and east england prices barely move, while north west and north east see strong gains.
Northern ireland boom
Northern ireland house prices up 9.2% in the last year, the fastest growth in the uk.
The main idea
Inner London flat prices have fallen 8.4% in the last year, reaching £522,839.
