London's Six-Year Home Price Boom May Finally Be Over: Chart

Greater London home prices will probably show their first annual decline since June 2011 when February’s data is published next month, according to Peter Williams, chairman of researcher Acadata. Prices in the city have fallen in six of the past 12 months, with the average home in the U.K. capital valued at almost 598,000 pounds ($739,500) in January. Sellers, by contrast, are betting the boom has further to run with asking prices rebounding to an all-time high this month.