Apr
13
London Housing in Deepest Slump Since the Financial Crisis
By-
RICS index for the city drops to lowest level since 2009
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U.K. housing ‘continues to lack impetus,’ sales stagnant
London’s housing market is in its worst slump since the depths of the financial crisis eight years ago, part of a broader slowdown that may continue.
The Royal Institution of Chartered Surveyors said its price balance for the city fell to the lowest since February 2009 last month. It declined to minus 49, indicating that a greater percentage of agents reported drops in March. Still, more respondents than not still expect prices in London to rise over the next year, the report showed…
London Housing in Deepest Slump Since the Financial Crisis
