Acadata reported last night that London house prices fell 2.6 per cent to an eye-watering average of £593,396 in the year to January, the fastest pace since August 2009. The biggest annual drop of 14.9 per cent was in the borough of Wansdworth, followed by Southwark at 12.2 per cent and Islington’s 8.8 per cent fall. Swedish house prices have fallen by 10 per cent since peaking last summer, yet demand from immigration means the ruling Social Democrats have increased construction as a key policy directive.
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