In April various sources reported that a significant decline in housing prices was observed in some areas of London. At that time, it has fallen in price 29% of objects. New research by Zoopla shows that this phenomenon is much more widespread, and the discounts are also becoming more and more.
Compared with the beginning of 2016, in average homeowners in London reduced the prices for £ 25 000, ie 17%.
33.3% of homes in the district of Kensington & Chelsea fell by £ 137.421 and more. This is followed by Hammersmith & Fulham - here prices fell by 32% houses. Kingston closes Top-3. Prices here have fallen on 30% houses.
The fall in prices in the capital market is obvious. However, the largest decrease is observed in the northern parts of England. In St Helens, Hartlepool and Middlesbroug the prices on 50% of homes for sale have decreased. In the top 10 are also included Haverfordwest in Wales and Great Yarmouth in the east of the country.
The highest discount is observed in Barnet, Coventry and Salford - more than 10.4%. The average decrease in house prices in London is 7.8%. At the same time, average prices in the country decreased by 6.86%. The least are involved Northampton, Milton Keynes and Maidenhead. The cost of houses in these cities decreased by only 4.5 - 4.7%.
According to the materials of cityam.com
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