Analysts noted that housing prices in London have fallen the most in the last 17 months in February. Specialists from the Halifax building society reported that the average cost of homes in the capital dropped by 3.1 percent compared to January. According to Halifax, in February, housing prices in the country also decreased by 1.6 percent. Bank specialists drew attention to the fact that the existing economic uncertainties, as well as the rising cost of living, have a negative impact on the real estate market. "The drop in housing prices in February is also linked to the rising pace of living costs, making mortgages less affordable for buyers," noted the Halifax representative. According to experts, the drop in housing prices may trigger an increase in the number of transactions in the real estate market.
