The growth in prime property prices in major cities fell to 2.6% in the first half of 2018, the slowest pace since 2012, according to property agent Knight Frank. But there are signs that some buyers have been moving out of London and into other parts of Britain. Instead, the weaker growth is due to the top performing cities rising more slowly. The biggest price rises were in Guangzhou in China and the smallest in Istanbul. Prices were unchanged in some cities. Knight Frank said much of the slowdown came from the introduction of new property rules or the strengthening of existing regulations coupled with rising costs of finance and increasing political uncertainty.
The growth in prime property prices in major cities fell to 2.6% in the first half of 2018, the slowest pace since 2012, according to property agent Knight Frank. But there are signs that some buyers have been moving out of London and into other parts of Britain. The biggest price rises were in Guangzhou in China and the smallest in Istanbul. Prices were unchanged in some cities. Knight Frank said much of the slowdown came from the introduction of new property rules or the strengthening of existing regulations coupled with rising costs of finance and increasing political uncertainty.