No Spring Boost for London Property Market, Rightmove Says

  • Asking prices decline for seventh month as listings slide
  • BCC report says economy remains subdued despite global pickup

London property asking prices slumped for a seventh straight month as sellers held off putting their homes on the market, according to Rightmove.

The March report from the home-listing website shows that asking prices declined 0.6 percent from a year earlier in March, with the number of newly marketed properties falling 3 percent. Prices rose 0.6 percent from February, a smaller-than-usual jump at the start of the spring season, it said…

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