April UK House Price Index data revealed the annual rate of house price inflation dipping below 4% for the first time in 4½ years. Most mainstream rental markets also continued to cool, with annual rental inflation now running at between 1-2% in most regions.
Despite concerns regarding unsold stock, current new home sales volumes a London are still 26% above pre-2008 levels. There’s also some signs of an upturn in prime London markets, with average discounts decreasing, transaction levels improving, and continued strength in the rental market.
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