London house price growth slows down

london-house-slow-downLondon house price growth has slowed in the first quarter of 2016 and is nearly three times lower than it was in the last quarter of 2015, new research shows. According to the latest market report from Lancaster University Management School, the London market has recorded price growth of 1.2% in the first quarter of the year while other nearby regions have seen higher price growth.

The report says that, significantly house price has increased in London over the last few years which have spread out to surrounding regions over time and have a leading effect on the UK housing market. It also suggests that the slowing growth in the London property market has coincided with two factors, an increase in the uncertainty of global economic conditions, and the run up to the introduction on the stamp duty on additional property purchases.

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