London house prices to fall up to 5pc as sellers abandon the market

Estate agents expect house prices in London to drop by as much as 5pc this year with the cost of larger family homes falling the most, an industry survey has revealed.

The report from the Royal Institute of Chartered Surveyors (RICS) has shown that demand for new homes in the capital has continued to weaken, with 45pc more RICS members reporting a decline in new buyer enquiries in December compared with November.

There was optimism around the Chancellor’s radical stamp duty overhaul, READ MORE HERE >>>>>>