Monday, Aug 20, 2007
London house prices mirror cool August
independent.co.uk: Rightmove reports fall in London asking prices
Britain's housing market has continued to cool during August, figures revealed today show, with prices in London actually falling for the first time in a year.
Rightmove, the property website, said the average cost of a home in England and Wales - its figures exclude Scotland and Northern Ireland - has risen by just 0.6 per cent to £241,474 over the past month, though the annual housing market inflation rate is still running at 12.6 per cent.
However, the average figure obscured a dip of 0.1 per cent in house prices in London over the past month, Rightmove said. Prices also fell by 2.2 per cent in the West Midlands and by 0.6 per cent in the north of England.
Posted by cash_buyer @ 07:19 AM (205 views) Add Comment
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