Monday, August 20, 2007
Are London investors now becoming wary?
....property experts at Rightmove believe things are changing. Commercial director Miles Shipside said: 'This fall is the first we have seen for some time and is an early warning signal that even the buoyant London economy is susceptible to market forces.' Rightmove believes the situation in the capital will be reflected across the rest of the country. Mr Shipside added: 'The fall was only slight, at just 0.1%, but has to be seen against the fact that London prices have risen by an average of 2% a month for the last 12 months.'