London growth slips compared to world’s major cities

6th May 2016

A study from Knight Frank has found that London has fallen to 24^th place in a league table measuring prime house prices in cities around the world. Prices in the capital were up 0.8% in the year to March, the slowest growth rate since October 2009; prime prices in the 35 cities included in the study grew by an average of 3.6%. The deceleration has been attributed to the increased stamp duty on second-home buyers since April 1^st. The biggest increase globally was seen in Vancouver, where a lack of supply helped drive prices up 26%. Shanghai, Sydney, Melbourne and Cape Town filled out the top five.

The Daily Telegraph (04/05/2016)