House prices in London’s most expensive postcodes fell by 3.1% last month as rents rose.
It was the largest decline since May 2021 and property values in the capital are likely to fall further, according to property analyst LonRes, which cited “low levels of activity” in the sales market for prime accommodation.
Average values in the most desirable postcodes are now only 1% above the average achieved between 2017 and 2019.
