March 29, 2023

Compared to the 5.9% yearly rise seen in December 2022, London home values rose by 3.3% between January 2019 and January 2020. According to the Office of National Statistics data, London had the lowest annual price increase of any area in England in the 12 months ending in January 2023. (ONS). The typical house cost in the city increased by 3.2% year-over-year in January to £534,000. This makes London’s housing market the most costly in the UK. Forecasters predict that London values will decline by five to ten percent this year as the property market and mortgage debtors adapt to