Belief in house price performance slows – Knight Frank

Prime central London property prices are becoming "more sober" as annual growth has now slowed to just +2% - down from +8.

The Office of Budget Responsibility has revised its medium-term forecasts for the property market down by 5% to +34.1% by Q1 2020, but not as a result of yesterday's Budget. In real terms, that's a +13.

Householders across the UK believe that property prices went up in May, with Londoners the most bullish about house price performance in the immediate aftermath of the general election, says Knight Frank.