Property price cuts the highest in London
Home.co.uk released today 12th August their monthly Asking Price Index headlined ‘Average Prices Weighed Down by Steep Falls in London’.
Topping the headlines is: Home prices in London continue to fall steeply, down a further 1.2% in just one month.
Property marketing times are rising across most parts of the country. Low confidence among sellers has already triggered a spate of price cutting, the magnitude of which we have not seen since October 2012.
In their Regional Market Round-up they lead by stating: A third month of price falls confirms the downward trend for London, but more widely the regional picture remains mixed.
To read the latest Home.co.uk Asking Price Index report in full click here