London House Prices Drop at the Fastest Pace Since 2009
- Acadata report shows values fell 2.6% in year through January
- Sustained weakness in the capital drags down national growth
London Housing Price Falls
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London house prices are falling at the fastest pace since the depths of the recession almost a decade ago, with the capital’s most expensive areas seeing the biggest declines.
Average prices fell to 593,396 pounds ($820,000) in January, an annual decline of 2.6 percent, according to a report published by Acadata on Monday. That’s the most since August 2009.