London property market likely to stay weak in 2018

London

LONDON'S property market is in for another rough ride next year, according to Rightmove Plc.

Home values in the capital are likely to fall another 2 per cent in 2018 after a 1.8 per cent decline this year, the real estate website operator said Monday. In December alone, prices dropped 3.7 per cent in London and by 2.6 per cent nationally. The month usually sees a big seasonal slump.