"Peripheral areas, which buyers turned to when inner London became too expensive, have seen considerable inflation recently and reached a point where affordability is stretched,"
He estimates that prices in the capital will stagnate this year for the first time since 2009 before rising 3 per cent in 2018."
Values need to correct after the average price-to-earnings ratio for first-time buyers hit a record high of 10.1 at the end of last year,
"Even if prices fall by 20 per cent this would still leave them looking expensive at eight times average income."
Source: Business Times
http://www.businesstimes.com.sg/real-es ... =EREC-16-1[BT_Newsletter_1]-20170527-[London%27s+hottest+home+markets+suffer+price+cuts]&xts=538380