UK Property

UK Property

London house prices underperformed rest of UK for past 8 years

Stay informed with free updatesSimply sign up to the UK house prices myFT Digest -- delivered directly to your inbox.House prices in London have underperformed the rest of the UK for the past eight years because of the unaffordable costs of property, post-pandemic housing trends and high mortgage rates. Official data this week shows that house prices in the capital were 4.8 per cent lower in February 2024 compared with the year before, much worse than the 0.2 per cent contraction registered in the same period across Britain.The drop left...
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