Great piece on wolfstreet also - https://wolfstreet.com/2019/07/17/london-house-price-bubble-deflates-sales-at-2009-level/
I found this bit especially interesting
Sales volume in the UK overall has plunged in March every year since the pre-Brexit-vote spike in 2016. According to the ONS, March sales data are transactions in March that closed and were registered by now. With 74,503 such transactions in March 2019, sales activity has fallen below the March 2015 level and has plunged:
47% from March 2016
20% from March 2017
12% from March 2018:
I'd be interested in year on year comparisons - what are housing transaction numbers yearly from say 2007?