London Property: Here Comes the Crash

– Jitters surrounding London property are finally starting to show up in home prices
– Brexit uncertainty, rising interest rates, higher sales tax and stretched affordability
– Islington suffered the biggest declines, with home prices falling 7.8 pct in 12 months as per official data
– Surveys have shown declines for several months, but now the end of the boom is clear in official statistics too according to Bloomberg analysis

London median, Islington, Wandsworth & Southwark prices. Must See Interactive Graphic Piece From Bloomberg News

London Property Market Vulnerable To Crash

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Gold Prices (LBMA AM)

07 Sep: USD 1,200.75, GBP 928.30 & EUR 1,031.32 per ounce
06 Sep: USD 1,204.30, GBP 931.65 & EUR 1,035.82 per ounce
05 Sep: USD 1,194.70, GBP 932.46 & EUR 1,031.74 per ounce
04 Sep: USD 1,195.75, GBP 932.57 & EUR 1,034.20 per ounce
03 Sep: USD 1,201.70, GBP 933.00 & EUR 1,035.75 per ounce
31 Aug: USD 1,206.85, GBP 927.58 & EUR 1,034.03 per ounce

Silver Prices (LBMA)

07 Sep: USD 14.19, GBP 10.90 & EUR 12.20 per ounce
06 Sep: USD 14.27, GBP 11.03 & EUR 12.27 per ounce
05 Sep: USD 14.17, GBP 11.05 & EUR 12.22 per ounce
04 Sep: USD 14.25, GBP 11.11 & EUR 12.33 per ounce
03 Sep: USD 14.53, GBP 11.27 & EUR 12.50 per ounce
31 Aug: USD 14.66, GBP 11.27 & EUR 12.56 per ounce

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