London house market worse than it looks

There’s plenty of evidence that London housing is in a rut, but the market is now facing a number of additional headwinds, including the prospect of higher taxes and a warning from the Bank of England that UK house values could fall as much as 30% in the event of a disorderly exit from the EU.

There are a number of overlooked cracks that suggest the London market may be in worse shape than many realise.