Tuesday, January 29, 2008

already posted this link. but if you have missed it, and you live in Lndn, it is such a joy to read

The best report on the London housing market

December: the most surprising element of the prime property market in 2007 has been the speed with which market sentiment changed, from the record price growth and property values achieved in the height of the summer, to the struggling and increasingly cautious market currently being experienced not just in London but across the country. Meanwhile, the prime country sales market has seen the largest fall in prices recorded since the Index began back in January 2004. The drop of 1.3% in average prices since November comes on the back of three successive months of falling prices

Posted by confused76 @ 07:15 PM (12292 views)
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6 thoughts on “already posted this link. but if you have missed it, and you live in Lndn, it is such a joy to read

  • How absolutely delicious! I love this website

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  • thats brilliant, I think I just heard on News 24 that house prices are down for the first time in years, not sure but I think they were talking annual

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  • Another brick falls out of the wall. First house prices went only upwards, then the prices of posh houses could go up but never down, now this. If posh houses went up in the ‘good’ times and stayed up in the ‘bad’ times we wouldn’t be talking about buying gold or Swiss francs – we’d be forming syndicates to buy posh houses.

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  • On Page 2, monthly change for Prime London Sales:
    Central London -0.2%
    SW London 0.3%
    NW London -1.6%
    Islington/City/Dockland -0.1%
    West London -0.2%
    Overall Prime London 0.1%

    Where on earth do they pull that overall figure of a 0.1% RAISE from? I make the average there -0.36%

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  • NIk, I’m guessing that they are reporting the Land Registry figures, which did report a fall today. Not newsworthy enough to make the six o’clock news.

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  • @Ntone606: I make the average there -0.36%

    They don’t seem to give you all the data, so I am unsure how you came up an an average?

    Presumably both average price and volume are involved.

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