House Sellers Forced to Slash Asking Price ; Rise in Value Only Matches Inflation
Evening Standard - London › March 31, 2008
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Summary
LONDON house prices are no higher in real terms than they were a year ago, new figures show. An average drop in sale prices this month of Pounds 900 across the capital means properties are fetching 2.4 per cent more than last year - around the rate of inflation.
The figures for prices actually achieved show the biggest loser was ridiculously overpriced to being very, very competitive. We expect to sell it within days." Ed Stansfield, property analyst at the Capital Economics consultancy, said: " Hopes that the housing market is experiencing little more than a short-term wobble look increasingly forlorn Hammersmith and Fulham, where the average fall was more than Pounds 7,000.See the full content of this document
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House Sellers Forced to Slash Asking Price ; Rise in Value Only Matches Inflation
In Merton, the average price fell by Pounds 3,200, in Brent by Pounds 2,700 and in Croydon by Pounds 2,600. Prices rose in on...
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