Fewest Londoners moving house since 1991

24th February 2017

The number of homeowners moving house in London last year fell to its lowest level for 25 years, according to the CML, with home-movers in the capital taking out just 32,400 loans in 2016, 10% fewer than in 2015 and the lowest number since the recession of 1991. The number of first-time buyers needing a loan also fell, as they took out 43,300 mortgages, a drop of 5% on 2015. The total number of home buyers in London in 2016 was the lowest for four years, the CML added

BBC News (22/02/2017