Will central London bear the brunt of any price falls?
The shortage of willing buyers is most evident at the top end of London’s housing market. So in 2018, we expect house price falls to be concentrated in the more expensive central London boroughs. In 2019, however, price falls are likely to spread to outer London. But even after that, London prices will still look expensive. So there is a risk that prices across the capital will continue to fall in 2020.