A housing market of two halves

London house prices are falling in about half of the capital's boroughs, particularly in expensive areas. According to the Office for National Statistics, the average London house price in October was £547,000, down 2.4% year-on-year, while prices rose 1.7% across the UK. Prime boroughs like Kensington and Chelsea, Westminster, and the City of London saw steep declines, whereas more affordable areas such as Havering, Lewisham, and Waltham Forest experienced price growth.

City AM