The RICS’ London house price index dropped to its lowest level since the global financial crisis in June, falling to a reading of -46 compared with -35 in May.
Nationwide demand was the lowest since 2008, while the number of properties offered for sale hit a record low, plunging 45%. Sales expectations for the three months ahead are the lowest in 28 years. The data were collated after the 23 June referendum on European Union membership.
Separate figures from Acadata and LSL Property Services showed London home prices fell 1.4% on the month in May.
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