Dec
12

London House Prices Are Having Their Worst December in Years

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  • Weakness in housing market led by prime areas of the capital
  • Rightmove forecasts declines will continue into 2017

London home prices are having their worst December in six years, led by weakness in prime areas in the capital that is likely persist into 2017.

Rightmove said on Monday that asking prices fell 4.3 percent from November to 616,160 pounds ($775,500), with inner London dropping 6 percent. The property website operator said the bubble in prime London “continues to deflate,” and it sees prices there declining 5 percent next year…

London House Prices Are Having Their Worst December in Years

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