The London property market continues to show relatively steady growth.

According to the data, despite some volatility over the past few years, house prices in London have generally continued to rise, particularly in core areas and premium neighbourhoods. This has largely benefited from the continued demand for London as a global financial and cultural centre. London remains a very attractive option for those looking to live, work or invest in a cosmopolitan city.

However, the London property market also faces a number of challenges. Firstly, there is the issue of affordability due to rising prices.

Rising house prices due to tight supply and high demand have made buying a home in London unaffordable for many ordinary families. This has led to rising living costs and rent increases, putting pressure on young people and those on low incomes.

The UK's formal departure from the EU has seen some international investors' interest in investing in London wane. The uncertain political environment and economic outlook has led some investors to take a wait-and-see attitude, resulting in a slowdown in property transaction activity.

However, with the progress of the Brexit negotiations and policy clarity, the market is gradually regaining confidence and is expected to continue to attract more domestic and international investment in the near term.

In addition, the London property market faces an imbalance between supply and demand.

While demand remains strong, the supply of new homes is insufficient. The government has taken a number of measures to boost housing construction, including providing land, encouraging investment and relaxing regulations. However, the long-standing supply problem is not easily resolved, creating an imbalance between supply and demand in the market.

To address these challenges, the London government and developers are taking steps to improve affordability and increase housing supply.

For example, it is encouraging the development of vacant land in central areas for residential construction, promoting the construction of more affordable housing projects, and putting in place policies to limit rent increases. In addition, the Government is endeavouring to attract international investors and enhance London's competitiveness through tax breaks, infrastructure improvements and business opportunities.

Overall, the continued efforts of the government and relevant authorities, as well as the strong attraction to London as a global city, have resulted in a market that still offers potential and opportunities. For those planning to buy or invest in property in London, it is vital to understand the current state and trends of the market in order to make an informed decision.