Prime London ‘price bubble’ fuels new record asking price
London saw a 4.8% (+£21,834) jump in average new seller asking prices during October, the biggest monthly increase since the 5.2% increase seen in October of last year.
House Price Index
Asking prices jump by 3.5%
October saw a 3.5% (+£8,310) jump in new seller average asking prices, the biggest increase for eight months.
London’s ‘best addresses’ take a hit in summer slowdown
The average asking price of property coming to market in London rose marginally this month, by just 0.3% (-£1,362).
Average asking prices drop for the third consecutive month
New sellers coming to market in September dropped their average asking prices for the third consecutive month.
Olympic lull contributes to largest ever August price drop
The Olympics distraction did not deter new sellers from coming to market during August.
Main Olympic borough of Newham still awaiting ‘house price legacy’
Property owners in the main Olympic borough have yet to see a tangible benefit in terms of an Olympic ‘house price legacy’.
Average asking prices in London drop by over £17,000
Rightmove records that new sellers dropped their asking prices in London by an average of -3.6% (-£17,136) in July.
Summer selling challenge
New sellers outnumber successful buyers by an average of nearly 2:1.