London house buying season ends
London house prices fell the most since the beginning of the year in June as the capital's property market continued to lag behind the rest of the country. The price of property coming to market in London dropped by 0.9 per cent, bringing the average price to 631,737 pounds (S$1.13 million). Values fell 1 per cent from a year earlier, marking the 10th negative month in a row. The fall in London can partly be explained by the spring buying season coming to an end. At the national level, figures point to a "steady market," with a shortage of stock pushing up prices in northern regions and the south experiencing the opposite. With the year at mid-point, the 2018 summary so far is that the chances of sellers finding a buyer in the northern regions seems to have held up very well against the previous year, but market conditions are clearly more challenging for sellers in much of the south.
Tags : INTERNATIONAL