Property News · December 13, 2016

Prime districts in London suffer sharp price drops as investors hang back


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 next year.
Rightmove said asking prices fell 4.3 per cent from November to £616,160 (HK$6.03 million) this month, with inner London dropping 6 per cent. The property website operator said the bubble in prime London “continues to deflate” and it sees prices there declining 5 per cent next year.
Buyers are being put off the really big-ticket…

Source : South China Morning Post
Read more…Prime districts in London suffer sharp price drops as investors hang back

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