London house price crown slipping

The lender says the average price in the capital stood at 1.47 times the national average in 2005. The latest quarterly house price index from Halifax reveals the second quarter of 2005 saw the difference in house prices in London and rest of the country fall further from their peak of 1.87 times the national average four years ago. Second quarter house price growth also fell across the UK to below annual average earnings for the first time since 200, says the report, the 3.7% annual rise in UK house prices comparing with a 4.6% in crease in wages over the past year. The lender say...