London home prices post largest drop in nearly 8 years

London home prices saw their biggest drop in April in almost eight years, as the capital continues to underperform compared to the rest of the country. The average asking price in the city fell 1.5 percent year-over-year in April to $813,000, Bloomberg News reported. That was the biggest drop since May 2009. As a whole, the U.K. saw prices rise 1.1 percent. The city’s housing market has been lagging behind the rest of the country […] Read More >>