3 reasons why London house prices are falling

Business Insider -

Business Insider—House prices in London are falling. That's unusual — prices in the capital have been characterised by decades of turbo-growth. Here are the factors driving the slowdown. LONDON — Something very unusual is happening to house prices in London: they're falling. New figures from Acadata on Monday reported dramatic price falls in the capital. The data firm said London prices dropped 4.3% in the year to January, the biggest fall since August 2009. That echoes every other major index, with RICS and...

London house prices are still falling — and it's set to continue. London's housing market is set for another turgid year. Prices in the capital remain firmly in negative territory, according to RICS. LONDON — London's housing market is set for another turgid year. A January survey by the Royal Institute of Chartered Surveyors showed house prices in the capital remain firmly in negative territory, with considerably more respondents to the survey reporting falling prices than rising prices. Here's how it breaks down regionally: The outlook isn't much better....