Jan
14
London Housing Woe Endures as Prices Drop to 2 1/2-Year Low
By-
Sellers cut asking prices 1.4% in the U.K. capital in January
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Numbers of days required to sell property is climbing
The new year brought little cheer for London’s housing market with asking prices dropping to the lowest since August 2015.
New sellers cut prices 1.4 percent in January to an average of 600,926 pounds ($821,500), according to a report by Rightmove Plc on Monday. In a further concerning sign for the market, the average number of days required to sell a house jumped to the longest since January 2012, reaching 78 from 71 a month earlier…
