London market slowdown unlikely to spread nationwide, says new analysis

The slowing market in London, with falling prices and sales, has been spreading into Southern England as a whole but there is little sign of is spreading any further out, according to a new analysis. London house prices increased by 70% between 2010 and 2018, much faster than incomes growth but the rate of growth slowed rapidly after 2016 as stretched income multiples, new mortgage regulations and a slew of tax changes reduced demand, says the latest market insight report from property firm Zoopla.

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