Sunday, July 20, 2014
House prices to fall
Analysts at Deutsche Bank predict slowdown in housing growth as strong pound and lower global growth dampens foreign demand for property A major European investment bank has claimed that London house prices are slowing down, with potential for falls in future, as slowing global growth and a strengthening pound makes it more expensive for foreign buyers to purchase property in the capital. "Survey and anecdotal evidence point to the steam being taken out of the London market," said Deutsche Bank economist George Buckley. House prices in the capital have risen by 63pc against the post-crisis low they hit in 2009, compared to 17pc for the rest of the country.