More estate agents in London reported a fall in house prices in the past month than at any time since the depths of the recession almost a decade ago, as the capital remains the weakest spot in a slowing market.
The Royal Institution of Chartered Surveyors said that 65% more of its members in the capital said prices fell, rather than rose, last month, the weakest reading since February 2009.
The wider UK market is showing price falls, according to hundreds of estate agents and surveyors, with 8% more RICS members experiencing price falls than rises in April, which is the worst figure since November 2012.
