House prices in every London borough, January 2019
The average asking price of a London home has dipped below £600,000 for the first time since 2015 this month as Brexit uncertainty continued to frustrate the property market.
Prices have dropped to the lowest level in more than three years as home owners struggle to find buyers who can afford to pay higher prices.
While price drops are not unusual at this time of year, new figures from Rightmove show the average asking price for a London property is now £593,972, which is about £9,000 below last month's figures, marking the largest January fall since 2012.
The last time prices hovered below the £600,000 mark was around the time of the 2015 election, after which the annual rate of increase jumped as high as 11 per cent, peaking in May 2016, according to the property website.
https://www.homesandproperty.co.uk/property-news/london-house-prices-asking-prices-drop-below-600000-for-the-first-time-since-2015-a127291.html