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Now House Prices Are Being Cut in London Hotspots | Tony Seruga
May
28

Now House Prices Are Being Cut in London Hotspots

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  • Values in fringe areas shot up as buyers fled the center
  • Prices compared with income hit record for first-time buyers

On the less fashionable fringes of London, home sellers are quickly finding out just what the market can bear.

Buyers fleeing the capital’s costly center turned peripheral boroughs into London’s hottest property markets. Now, more sellers in those areas are being forced to cut their prices after values quickly outstripped the spending power of the average buyer…

Now House Prices Are Being Cut in London Hotspots

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