Home buyer borrowing in London reduces 5% or £310 million in the final quarter of 2016 continuing the downward trend for the capital.

House prices in the East of England remain strong up 11% over the year despite a slowdown in property sales across the country.

Crossrail has boosted average house prices by up to 60% for homes in towns near to stations ahead of the 2019 launch date.

The rise in property values for the East of England are leading the market with new-build homes seeing a 32% price increase in the last year.

House prices will rise next year but at a slower rate according to the Halifax outlook report UK towns record biggest gains for 2016.

House prices for London fall for the month of October as the UK property market slows although areas outside the South East see growth.

Projections from Hometrack is to expect above average house price growth from regional cities to offset lower price growth in London.

There are striking differences in affordability for first time buyers across the UK as rapid house price rise makes it harder to borrow.

Figures from the ONS show the growth in houses prices over the year for new builds is more than double that of existing homes.

House prices in the UK are up over the year and remain stable as the number of sales completed have dropped by up to a third.

Prices for luxury homes in London are expected to fall by 9% in a year due to stamp duty tax and EU referendum, says Savills.

Many London boroughs continue to see house price growth in double figures although the average rate is slowing.