Our research as featured in The Times:
Ten years ago, the phrase “green shoots of recovery” entered the lexicon of the London property market as it came back after the 2007-08 crash. And what a recovery it was: despite the recent slump, average prices are 59% above their 2007 peak in the capital (£474,601 v £297,653), according to the London sales and lettings agency Benham & Reeves. If you bought before August 2007, the value of your property has gone up by 89% in the City of London, 88% in Hackney and 83% in Lewisham and Waltham Forest. England as a whole is up 29%, but other parts of the country have not fared so well: Northern Ireland is still 38% below the 2007 peak.
Given the disparity, does this mean London…