London house prices plummet – © blogfactory

London house prices plummet – © blogfactory

London house prices suffered a staggering 4.4 per cent annual drop in May, their worst annual drop since the financial crisis, public data revealed today.

While UK house prices rose 1.2 per cent compared to May 2018, London house prices sank, the Office for National Statistics (ONS) revealed.

Read more: UK house prices slip for the first time in 2019, says Rightmove

Homes in the capital also fell on a monthly basis, dropping 2.5 per cent from April to May to leave the average London house price at £457,471.

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