London Property Is Leading The Downturn

The UK housing market, particularly London, has been among the most resilient markets in the world during the past two decades. However, recently, after what can only be described as a record run, some indicators have started to point to building evidence of a slowed in the market.   April housing market data is no exception with two leading indices, the Halifax and Nationwide indices, showing month-on-month declines, with the former showing a 0.2% fall over the three months to April. As a new research note from HSBC’s UK Economist Liz Martins points out, this marks the first quarterly drop…