London house prices slump at fastest rate in almost 10 years
The price of a house in London fell by 4.4% over the year to May 2019, marking the biggest annual slowdown in almost ten years. Statistics released Wednesday by the U.K.s Office for National Statistics (ONS) reveal that Mays was the lowest annual rate in London since August 2009, when prices contracted 7.0% from August 2008.