Prices continue to fall across London’s prime property markets

Prices continue to fall across London’s prime property markets

Property prices in London’s prime property market are continuing to fall but the number of new buyers registering in the market is rising, the latest monthly analysis report shows.

Overall prices are down by 4% in the central London market year on year and down by 4.8% in the outer London market, according to the prime London sales index report.

On a quarterly basis they are down by 1.7% in central London and by 1.6% in outer London, while month on month they are down 0.5% and 0.7% respectively in November compared with October.

But the report points out that the number of new prospective buyers registering in prime central London rose 7% in the year to October year on year, however sales over the same period were down by 12%.

[Source: Propertywire]