Monday, September 29, 2008
Where’s those Oligarchs and city types when you need them eh?
Prime London sale values dropped by another 2% in August, according to data from primelocation.com. This is the third consecutive monthly drop and now means that values are 5.37% lower than in May. The data also shows that prime London rental prices and prime country sales values have also fallen showing a gloomy outlook all round for the prime property market... The latest data finds that, all prime London areas have experienced a monthly reduction in average prices and that annualised growth has reduced to 4.1% now at its lowest level since May 2006, following sales prices taking their third consecutive hit in August.