–– Average annual price growth in London continues to slow – from 8.3% in July to 6.6% in August, according to the Land Registry. London is now behind both the East of England and the wider South East in terms of house price inflation.

–– At borough level, prices are rising fastest in Newham (+15.5%) while in Camden (-1.7%) and Hammersmith & Fulham (-0.3%) they have actually fallen year-on-year.

“The wider market continues to struggle with affordability issues, despite low mortgage interest rates. The prime sector meanwhile is still suffering from the impact of Stamp Duty changes, the mismatch between buyers and sellers on price, and the overall shortage of properties available to buy. “

Nick Barnes, Chestertons’ Head of Research