London Property Bubble Bursts

The London property bubble shows renewed signs that it is beginning to burst. Property sellers in the UK have reduced their asking prices and London property prices have fallen by 7.8 per cent on average and as much as 30% in some areas according to City AM today.

“People trying to sell their homes are increasingly having to mark down their original asking price – and the amount they are dropping it by is going up.

Sharp falls in London and UK home prices will severely impact the heavily indebted and vulnerable UK economy.

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