Monday, July 18, 2011
Ouse prices fall in London and UK
Prices fell 1.6 per cent across the UK in July, with even Londonâ€™s houses experiencing a 1.4 per cent dip, the figures showed. In June, the average residential property in the capital hit an all time asking price high of Â£438,622. Yet this month almost Â£6,000 has been shed from the average asking price, as summer sellers are forced to attract the attention of â€œholiday-distractedâ€ buyers. Despite the fall in July, Londonâ€™s prices remain 5.8 per cent higher for the year so far.