Recent statistics provided by the government suggest that, nationally, property values rose by 1.3% this year up until August whilst London house prices dropped 1.4% over the same period.
Recent house price indices from Halifax and Nationwide have both reported flat for the month of August.
For the last few years. the upper tiers of the London market have seen a significant correction with most agents reporting at least 20% falls in prices in real terms.
There is certainly an increase in activity in the market over recent months as buyers have decided they cannot wait any longer for duplicitous politicians to do their job properly.
There generally does seem some positive data coming through from the agents in the Central London Residential market over this first quarter.
The London market is showing signs of a marked improvement in demand with agents reporting higher sales volumes and activity over the last few weeks.
As we start 2019 the London residential property market has continued to struggle in terms of demand and values.
Welcome to our latest newsletter Aspects - November 2018
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