Monday, Sep 06, 2010
Yeah, but they're still not falling fast enough...
Property Wire: Luxury London property prices continues to fall, latest index shows
Prime London residential prices are continuing to decline but at a slower rate as demand and supply become more closely aligned, the latest real estate index shows.
Prices of luxury property in central London fell by 0.1% in August, a decline which followed the 0.5% fall in July, according to the Knight Frank Prime Central London Index for August 2010.
The recent price falls mean that the annual rate of price growth, which hit 21% in April this year, has softened to 16% in August. The price declines are marginal across all price ranges. However, the biggest drops are being seen in the £1 million to £2.5 million sector.
Posted by mark wadsworth @ 01:57 PM (409 views) Add Comment
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