London property prices fall for first time since 2009

London property prices fall for first time since 2009
London property prices fall for first time since 2009
The property slowdown is due to factors including an inflation squeeze, Brexit uncertainty and tax changes affecting landlords and owners of second homes. Bank of England data yesterday showed that approvals for mortgages were little changed in November and below the six-month average.

Kevin Doyle Young couples are taking on debt that “threatens to absorb everything they do in their lives” because affordable homes no longer exist in Dublin, Fianna Fáil leader Micheál Martin has said.

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London property prices fall for first time since 2009
London property prices fall for first time since 2009
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The weakness may persist in 2018, with property website operator Rightmove and the Royal Institution of Chartered Surveyors both predicting price declines in the city.

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