Monday, Jun 18, 2007
Prices falling in more than half of London
Reuters: House prices show small rise
More than half of London boroughs showed a fall in prices on the month and annual inflation in the capital slowed to 23.1 percent from 24.8 percent.
A sharp rise in the number of new properties coming on the market helped to keep a lid on property inflation.
"More property available is good news for buyers, as sellers that need to sell urgently will have to drop their price," said Miles Shipside, Rightm
Posted by cash_buyer @ 07:21 AM (193 views) Add Comment
5 Comments
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1. confused76 said...
"Ironically those that sought to save a few hundred pounds by avoiding the home information packs have contributed to a glut of property on the market which will actually cost them money as they have to discount their prices to sell"
OK. The above statement is in direct contraddiction with the notion that housing market is underpinned by strong fundamentals
2. royston said...
....the noose slowly tightens!
3. Samone said...
how about the fact that people thought it best to get the house/flat sold before they have to tell the truth about the state of the house rather than run the chance of some lazy surveyor missing major problems...
mate just sold his house - had subsidence but the surveyor just check the place exsisted - went in flushed the toiler and checked the gardern.
houses in the UK are falling apart - and if the buyer has to own up to what's wrong people may not be willing to move into a hovel no matter how much it's worth!
4. Mark Wadsworth said...
"The above statement is in direct contraddiction with the notion that housing market is underpinned by strong fundamentals"
Spot on, C76!
5. dobber said...
The fall is underway, check out www.propertysnake.co.uk search the major city centre post codes. SW1, B1, M1, L1 etc