{"id":52389,"date":"2017-04-20T22:22:12","date_gmt":"2017-04-20T15:22:12","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/?p=52389"},"modified":"2017-04-20T20:47:19","modified_gmt":"2017-04-20T13:47:19","slug":"luxury-london-home-prices-stagnate-as-top-end-areas-decline","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/luxury-london-home-prices-stagnate-as-top-end-areas-decline\/","title":{"rendered":"Luxury London home prices stagnate as top-end areas decline"},"content":{"rendered":"


\nLondon home values grew at their slowest annual rate in almost five years in February as values in the capital’s most expensive boroughs including Camden, Kensington and Chelsea fell, according to Acadata and LSL Property Services.Prices across the city rose just 0.1 per cent on the month to an average \u00c2\u00a3606,780 (Dh2.8 million), the groups said in a report. That left the annual gain at 1.5 per cent, the weakest reading since April 2012.The data add to evidence that London’s housing market is increasingly split along value lines, with the capital’s most expensive areas posting declines and the lowest-priced gaining. In February, the city’s top 11 boroughs by value saw prices fall by an average of 0.5 per cent on the month, while the least expensive 11 recorded a 0.4 per cent increase, Acadata and LSL said.Kensington and Chelsea, the capital’s costliest borough with an average property price of about \u00c2\u00a32m, led the declines with a 2.6 per cent drop as the tentative recovery at the top-end of the London market “appears to have fizzled out”, the report said.According to national data for March, prices in England and Wales rose 0.5 per cent from February to an average of \u00c2\u00a3301,280, 3.3 per cent higher than a year earlier, the report showed.* Bloombergbusiness@thenational.aeFollow The National’s Business section on Twitter
\n
\nSource : thenational.ae
\nRead more…Luxury London home prices stagnate as top-end areas decline<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

London home values grew at their slowest annual rate in almost five years in February...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-52389","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-dCZ","jetpack-related-posts":[{"id":69228,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/london-home-prices-fall-at-fastest-pace-since-financial-crisis\/","url_meta":{"origin":52389,"position":0},"title":"London home prices fall at fastest pace since financial crisis","date":"October 17, 2017","format":false,"excerpt":"\r London house prices are falling at their fastest pace since the aftermath of the financial crisis, confirming the British capital as the worst-performing part of a slowing market. Early data point to home values in London declining 2.7 per cent in September from a year earlier,\u00a0the most since 2009,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1494,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/berlin-emerges-as-leading-property-investment-hot-spot-for-2016\/","url_meta":{"origin":52389,"position":1},"title":"Berlin emerges as leading property investment hot spot for 2016","date":"January 14, 2016","format":false,"excerpt":"\r \r Despite its status as the biggest real estate market, London is not in the running as one of the top 10 investment hot spots for property this year. According to PwC\u2019s Emerging Trends in Real Estate report for Europe in 2016, the five leading cities for investment prospects\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95947,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-house-prices-are-on-the-longest-losing-streak-since-the-financial-crisis\/","url_meta":{"origin":52389,"position":2},"title":"UK house prices are on the longest losing streak since the financial crisis","date":"August 13, 2018","format":false,"excerpt":"\r UK house prices fell for a fifth month in a row in July, the longest stretch of declines since the financial crisis. Values fell 0.2 per cent from June, bringing the average price for a home down to 302,251 pounds ($386,000), Acadata said in a report Monday. London remains\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":88956,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/brexit-uncertainty-hits-london-property-market-the-hardest-in-the-uk-reports-show\/","url_meta":{"origin":52389,"position":3},"title":"Brexit uncertainty hits London property market the hardest in the UK, reports show","date":"May 21, 2018","format":false,"excerpt":"\r London remains a weak spot in the slowing UK housing market as Brexit clouds the outlook, reports on Monday showed. The capital had an annual price decline of 0.2 per cent in May, property website Rightmove said on Monday. Separately, Acadata reported that in April London was the only\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":34578,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/londons-top-boroughs-see-prices-plummet-most-in-five-years\/","url_meta":{"origin":52389,"position":4},"title":"London's top boroughs see prices plummet most in five years","date":"November 16, 2016","format":false,"excerpt":"\r Land values in central London's best districts fell 10.3 per cent in the year through September, the biggest fall in at least five years, as higher taxes and the Brexit vote cause luxury home prices to fall.Banks are less willing to lend for site acquisitions and construction, fuelling the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":40814,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/london-homeowners-shy-away-from-selling-amid-challenging-conditions\/","url_meta":{"origin":52389,"position":5},"title":"London homeowners shy away from selling amid challenging conditions","date":"January 16, 2017","format":false,"excerpt":"\r London home owners are showing a \"marked reluctance\" to put their property up for sale, deterred by uncertainty caused by the looming Brexit process and an increase in tax, according to Rightmove.While the average asking price of a property in the capital rose 1.4 percent in January to 624,953\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/52389"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=52389"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/52389\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=52389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=52389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=52389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}