UK HPI’s first airing shows ‘indications of a cooling market’ as annual price growth dips

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

Property prices in prime central London nudged up by 0.3% in April, says Knight Frank, to take the annual rate of growth at a five-year low of +2.8%.

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.