Official statistics confirms the first fall in London’s annual house price growth of -1.0% since September 2009, the lowest in the country.

Over the past two years house price growth has exceeded earnings for a fifth of homeowners by as much as £52,000 in some areas.

London is the worst performing region down 1% for the year while house price grow across the country is subdued.

Annual house price growth in London is only one percent with property values falling in 42% of postcodes in the capital.

Half of the regions in the country have posted falls in house prices for the month with the North East reducing -5.5% over the month.

Second time buyers find it more difficult to move home than a decade ago with higher deposits, moving costs and lack of suitable housing.

Mortgages in the UK are at their most affordable level with homeowners spending less than a third of their income on repayments.

Homeowners remortgaging has reached the highest number since 2008 as they securing mortgage deals before a rise in interest rates.

Homeowners taking their second step and trading up to a bigger home need to find £136,000 helped by recent equity gains.

The number of remortgage buyers in the capital has reached an eight year high in 2017 driven by competitive mortgage rates.

Costs to first time buyers are £900 per year less compared to renters and over their mortgage term buying a home saves them £27,000.

The number of young adults on middle incomes owning a home has more than halved in twenty years with rising house prices.

Properties in the South West of England are rising at 7.5% over the year compared to the slowest region of London with growth of only 2.5%.

Mayor of London will restrict overseas buyers and give Londoners and UK-based buyers first dibs to secure new build homes.

The rapid rise of house prices in cities has outstripped earnings and means affordability levels have reached a ten year low.

The number of first time buyers has risen for the sixth consecutive year to 359,900 with deposits doubling in the past decade.

Annual growth of equity release lending has reached a 15 year high as homeowners access wealth from their property.

The number of home movers reached 370,300 the highest level for 10 years thanks to low mortgage rates and demand for homes.

Commuter towns with good transport links and under 40 minutes from major cities have faster house price growth than the UK average.

House prices rise by a modest 2.6% with London the weakest region and least affordable due to difficulties of raising a deposit.