‘Eye-watering’ reductions in London’s ‘marzipan layer’

"The fundamentals looks sound" for residential markets in 2018, says Winkworth, but the estate agency is not predicting much in the way of price rises.

Over the last 12 months, 52% of valuations in the capital's prime markets were revised downward before purchase, according to the Queen's bank, with average revisions ranging from 2.2% to 7.8%

The Office for National Statistics has analysed recent movements in the UK House Price Index, highlighting a series of notable trends in the capital's property pricing and transaction volumes