For several boroughs in London house prices are rising although the capital as a whole is struggling to keep pace.

House price affordability in London has reached a high of 14.5 times earnings and is well above the capitals fifteen-year average.

The number of properties sold in London have reduced 24% in the last year with those in England down by 17% as buyer demand falls.

The Halifax survey shows confidence in the housing market is at a five year low with one in five thinking prices will fall.

English market towns command a £30,000 premium from homeowners or 12% more compared to living in neighbouring towns.

First time buyers in London can expect to pay less to get on the property ladder as house prices fall and expectations remain negative.

House prices in London are at £471,761 and negative for the first time in eights years with the weakest performance in the UK since 2005.

Properties in the East of England are up 7.2% over the year with the fastest growth while London has falling prices over the month.

Homeowners living close to Olympic Park have gained with property prices up 64% in five years outperforming the London average.

The London borough of Hackney is the fastest growing region in the last 20-years based on square metres with house prices up eight-fold.

House price growth in London has dropped to 2.6% matching inflation while other cities are resilient with over 5% increase for the year.

Property values in the UK continue to rise 4.7% in the year despite economic uncertainty while London growth rate reduces noticeably.