House prices are falling in almost half of all London postcodes, according to new figures showing the most widespread collapse in property values across the capital since the 2008 financial crisis.
The latest signs of distress will stoke concerns that sliding prices are far from confined to the most expensive homes in central London, with the figures showing a ripple effect spreading into the suburbs.
In contrast to the struggling London property market, cities elsewhere across the country such as Edinburgh, Liverpool and Manchester are registering house price growth in excess of 7% per year according to Hometrack.
