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Big Four firm PwC predicts London house prices will drop until 2020

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13.07.2018

London house prices are set to drop as much as two per cent this year according to a report which suggests fresh evidence of a slump in the capital’s property market.

Analysis from Big Four firm PwC predicts a fall in London house prices that could persist into 2019, despite an expected rise in every other region of the UK.

Tom Bill, head of London residential research at Knight Frank, told City A.M.: "London is now underperforming after years when London would outperform the rest of the uk. That situation has now reversed."

Bill added: "The overall picture is one of low interest rests, low levels of unemployment and relatively lack of supply which are........

© City A.M.