3 ms·

Title should read: "London house prices suffer a blip, will recover in a year to 18 months" Read the blogs own reference: http://uk.businessinsider.com/london

• otp124 9y ago
  > 2% is not a crash, nor an Apocalypse... Perhaps overall, but the article is mostly talking about the high-end market. From the reference: > Prices falls are concentrated in the most expensive areas of London... > The top 11 of London's 33 boroughs are down an average 7% annually... > Kensington & Chelsea .. have fallen sharply there by 12.9% in the last year — more than £200,000. > Prices in Camden fell 10.8%, the City of London by 18.2%, and in Wandsworth by 12.7%. Perhaps you meant the lowest end, as this part more closely resembles your 2% drop: > The 11 cheapest boroughs have seen a modest fall of 1.3% over the year overall...