- London property falls most in nine months in May
- Falls possibly due to pre-election fear of Labour housing policy
- Surge in sterling dampens demand
- Tory victory has led to surge of new sales
- London market still overheated
- Investors look for stores of value

High end London property prices crashed 6.3% in the last month while average prices in the city fell 2.3% – the largest fall in nine months, according to Bloomberg. Prices across the UK slipped 0.1% in the same period.

Gold has been moving steadily higher in the last week as the surging pound began to dip.

Media reports suggest that many buyers postponed closing deals in the run-up to the election due to fears over the implications of a labour victory on the property market.