Oct
18
London Property Prices Reach Another Record in Sellers’ Market
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Asking prices for homes in London jump 1.6% in October
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Dominant theme in the market remains shortage of supply
Asking prices for homes in London surged by 10,000 pounds ($15,500) this month as sellers took advantage of their market dominance to squeeze more from prospective buyers.
In its monthly report, Rightmove Plc said values increased 1.6 percent from September to 630,050 pounds. The number of properties coming to the market has fallen more than 16 percent in the past year, depriving buyers of negotiating power and limiting their choice. Prices have jumped 8.3 percent in the same period…
London Property Prices Reach Another Record in Sellers’ Market
