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).
The average asking price of property coming to market in London rose marginally this month, by just 0.3% (-£1,362).
New sellers coming to market in September dropped their average asking prices for the third consecutive month.
The Olympics distraction did not deter new sellers from coming to market during August.
Property owners in the main Olympic borough have yet to see a tangible benefit in terms of an Olympic ‘house price legacy’.
Rightmove records that new sellers dropped their asking prices in London by an average of -3.6% (-£17,136) in July.
New sellers outnumber successful buyers by an average of nearly 2:1.
This economic downturn continues to surprise, with a third consecutive record for new sellers’ asking prices.
Record prices of property coming to market have again been set in London.