The London flat market continues to suffer with inner city apartments now £71,000 cheaper than they were four years ago, official data shows.
The typical price of a flat in inner London, which comprises 14 boroughs and an estimated 3.4million people, has fallen 8.4 per cent in the last year, according to the latest Land Registry figures.
The typical flat is worth £522,839, as of July, having been on a steady decline since September 2022 when the average flat in inner London fetched £594,135.
The collapse in flat prices means average London homes have now lost 3.3 per cent of value annually, with
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