London Housing Chart Book: Staring into the abyss

While London’s housing market showed signs of life in the first quarter, the coronavirus has ended any hope of a recovery. Indeed, like the rest of the UK, London housing transactions are set to collapse over the next three months, although house prices may see a more modest fall of perhaps 3% this year. What’s more, the coming recession is likely drive a fall in rents, as well as extend the decline in London housebuilding.