While nationally new sellers average asking prices increased by just 0.3% (£711), they were again outperformed by the confidence of the capital’s sellers who pushed theirs up by 1.1% (£4,470).
Cornwall Terrace is a collection of eight luxury Grade I-listed houses that lie in a crescent just off Regent’s Park. Commissioned in 1811, the new homes have taken about two-and-a-half years to create, and are expected to fetch £400 million in total!
New-to-the-market sellers in London slightly reduced their average asking prices by 0.4% this month, retaining most of last month’s large gains when Rightmove recorded prices going up by 5%. London continues to buck the national trend as generally the UK saw a much larger average price fall of -3.2%.
An October increase of 4.3% or less would have meant London prices fell year-on-year. However, the 18,497 sellers who came to the market in the last month increased their average asking prices by 5% compared to sellers in the previous month.
One of her acts was the first to go on X Factor, and it looks like Dannii Minogue isn’t having much luck selling her property either. The glamorous judge has just reduced the price of her two bedroom London apartment from £550,000 to the current price of £499,000.
On average London home-owners spent £35 in every £100 of their home improvement budget on the kitchen in the last 12 months, the largest proportion of spend in the country with the national average standing at £33.
Kylie Minogue is selling her four bedroom apartment for £3,950,000 and lucky for you it’s on Rightmove! Have a look around now.
The latest Rightmove Consumer Confidence Survey finds that the proportion of people in Greater London expecting prices to be higher one year from now has dropped from 53% to 43% since last quarter.