Tuesday, February 12, 2008
Almost 6% Drop in London House Prices from Q3 to Q4 2007
The BBC today (12 Feb.) updated their "UK House Prices" data based on figures provided by the Land Registry of England and Wales. The figures show a 5.7% drop in the average house price in Greater London from Q3 to Q4 2007, based on over 32,000 sales. The City of London leading the way with a drop of 17.5% (yes 17.5%). Merton (down 13.1%). City of Westminster (down 11.1%). Lambeth (down 10.7%). Camden (9.7%). Hamersmith and Fulham (down 7.5%). Richmond upon Thames (down 7.1%). Enough said!!!!!