London’s slowdown is spreading

For the first time since 2005, the capital was the worst-performing region in the country. Sarah Moore reports.

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High-value transactions are propping up the market in the capital
(Image credit: AndreaAstes)

Average house prices in London fell by 0.6% in the past year, according to the latest house-price index from Nationwide. This doesn't sound like a particularly dramatic drop, but it is unusual in that average prices haven't fallen year-on-year in the capital for eight years, since the financial crisis. And for the first time since 2005, the capital was the worst-performing region in the country.

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Sarah is MoneyWeek's investment editor. She graduated from the University of Southampton with a BA in English and History, before going on to complete a graduate diploma in law at the College of Law in Guildford. She joined MoneyWeek in 2014 and writes on funds, personal finance, pensions and property.