Price falls in London now spreading out beyond the capital, latest analysis suggests

While prices have been falling in London, the latest analysis of the property market shows that prices are also now falling in England and Wales. The LCPA residential index says that there is little doubt that Brexit uncertainty is derailing home owners now, not just investors and plans are being put on hold, adding that the economic fall-out of a bad Brexit could impact the housing market for years to come. In England and Wales, excluding Greater London, prices growth it at its lowest since 2013, down by 0.7% in the final quarter of 2018 to an average of £262,126 while sales fell by 3.7%, the largest drop since 2008.