Greater London house prices have risen by 1.1% in the 20th month , although asking prices have fallen slightly YoY , and asking prices in UK have fallen YoY for the 20th month in succession. The last negative asking price growth came after the global banking collapse in 2008 . Continued Brexit uncertainty and the affordability crisis have been blamed. Affordability problems are said to have spread beyond what the market once saw as the capital’s affordable periphery. This record spell dwarfs the previous run of negative annual asking price growth which lasted for 14 months from the start of June in 2008 to the end of July 2009, which was caused by the global banking collapse and the house price crash that followed. April 2019 , meanwhile, helped a 1.1% rise in Greater London asking prices between March and April .
Greater London house prices have risen by 1.1% in the 20th month , although asking prices have fallen slightly YoY , and asking prices in UK have fallen YoY for the 20th month in succession. The last negative asking price growth came after the global banking collapse in 2008 . Continued Brexit uncertainty and the affordability crisis have been blamed. Affordability problems are said to have spread beyond what the market once saw as the capital’s affordable periphery. April 2019 , meanwhile, helped a 1.1% rise in Greater London asking prices between March and April .