|
|
Article: London house prices crash ; 1.Falls of up to 22 per cent in latest figures ...2.Full details of how your area has performed ...
- Article from:
- The Evening Standard (London, England)
- Article date:
- January 6, 2009
- Author:
CopyrightCopyright 2009 Evening Standard - London. Provided by ProQuest LLC. (Hide copyright information)
|
LONDON'S property market crashed by an average of 15 per cent in
the last 12 months the fall accelerated through "a year of turmoil"
with a drop of 2.5 per cent last month alone.
The worst hit areas were Westminster which plunged 22 per cent,
Waltham Forest 19 per cent, Newham down 18 per cent and Haringey 17
per cent. Other boroughs saw falls of 16 per cent.
The value of the average London home is down to [pounds]257,963,
latest figures from the Nationwide reveal today.
But most of the capital's homeowners are still sitting on huge
profits, according to new research.
A borough by borough breakdown reveals how even the current
depressed values are far higher than levels at the start of the ...