London house prices in negative territory for first time since the GFC

Property prices in UK cities have risen by an average of 2.9% in the last year, reports Zoopla; the number of London postcodes recording price falls has dropped from 82% last year to 23% in October.

House prices are likely to fall by 7% as a result of Covid-19, predicts Oxford Economics - but the risks are "heavily skewed" towards much, much bigger price falls of almost 40%...

The Financial Times does a deep dive to find out if the London property market is really bottoming out