London Homes in Longest Losing Streak Since Financial Crisis
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000London house prices fell for a sixth consecutive month in October, according to official data, the longest downturn since the financial crisis.The average value of a home sold in London has dropped 4.2% since April to £547,300 ($729,000), the equivalent of £24,000, seasonally adjusted Land Registry data published Wednesday show. Prices in the capital last recorded a longer run of losses between 2008 and 2009 when Britain was in the grip of the global credit crunch.