In London, since August 2009, the price of residential real estate prices declined 2.6 percent year-on-year to a large extent in January.
According to a joint survey by Acadata and LSL Property Services, housing prices declined by 0.8 per cent compared to December, the average price being 593 thousand 369 pounds (1 pound = 350.78 forints).
In January, prices fell most in the UK’s capital’s most expensive districts, for example 14.9 percent in Wandsworth, 10.8 percent in City and 3.8 percent on average.
Housing prices in London’s 11 cheapest districts declined by 0.5 percent compared to January 2017.
In Britain, residential real estate prices rose 0.5 percent to around £ 300,000, excluding London and South East England, growth was much higher, 2.5 percent, which is still lower than in recent years.
Property prices are significantly affected by the market risk of Brexit and the increased property tax.