By Nick Beams – London, UK The UK’s capital is on the brink of a housing recovery as it recovers from the worst of the Brexit crisis, but the average price of a home in the city has been falling.
The latest figures from the Office for National Statistics (ONS) show that the average house price in London fell by 2.2% last month to £831,931.
This was down from £832,868 a month earlier, but up from £882,838 a year earlier.
The annual average price in the capital has also fallen by 3.4% over the past year, from £1.79m to £1,842,957.
However, it remains well above the pre-crisis peak of £1m.
In September the average household size was 7.3 people.
It was the biggest monthly fall in two years, which was mainly due to a fall in the number of people in the country working.
There were also fewer births than expected, which led to a rise in the total number of births.
The average age in the UK is 32, down from 34.2 in September.
The average age of UK nationals working in jobs such as healthcare and manufacturing has fallen from 35.6 to 32.4, while those aged 65 and over are more likely to be employed than in the past.
Last month, the ONS also released its latest population data, showing that the UK has become the most populated country in Europe.
There are now over 1.3 million people in England and Wales, more than double the number at the same time last year.
However, despite the sharp fall in average house prices, the number and number of properties is still rising.
The number of houses in London rose by 5.3% last year to 3,891,566, up from 3,829,828 the year before.
However in the north-east, the average number of homes rose by just 0.8% to 718,095, with the biggest increase in the South West at 9.9%.
The average number in Scotland was unchanged at 5,722,832.
On a monthly basis, house prices in London are still above their pre-Brexit peak, although it has fallen in the last year, as people are saving for their own homes.
A survey by the London Board of Trade found that people are not saving as much as they did in previous years, with just 4.4 million saving the equivalent of £8,847,500, down 4.5% on the year.
This includes people saving for a deposit on a home or to buy a house.
While the ONSPE said that there were signs of a recovery in the housing market, the housing shortage has not been a boon for the average property owner.
The survey showed that there are 1.7 million fewer properties in the private rented sector than there were a year ago.
The ONS said that the number was up by 0.7% on a year-on-year basis, while the number in the public rented sector rose by 0,3%.
The ONSPP said that people who are not renting are spending the extra money they have saved to buy.
In the past, the public sector has been the main beneficiary of the housing crisis.
But the government has since moved to boost private sector lending and support for building.
The government has also been giving money to local authorities to build new homes.
The new Home Builders Allowance scheme, which has been in place since October, has helped the private sector increase the number, with a total of 875,000 properties being built since the scheme started.