Prices in Prime Central London dipped again in November according to the property investment consultancy London Central Portfolio.
Monthly average prices fell by 0.9 per cent to £1,749,172.
Transactions also fell by 1.8 per cent.
Prices in Prime Central London dipped again in November according to the property investment consultancy London Central Portfolio.
Monthly average prices fell by 0.9 per cent to £1,749,172.
Transactions also fell by 1.8 per cent.
Over the course of 2019 prices are down 4.1 per cent while transactions collapsed 11.4 per cent to a mere 3,144 annually - an average of just 60 a week.
The new build sector, on the other hand, picked up in November.
Prices plateaued - having experienced a modest fall over the year of 1.5 per cent - to stand at £2,855,197.
Transactions also saw a modest monthly increase of 2.3 per cent having dropped a massive 56.6 per cent over the year to just 271.
The consultancy, in its latest market snapshot, says: “All eyes are now on the impact of the General Election ... With the threat of a far-left Labour government removed, sterling still weak and prices suppressed, a wave of capital may be welcomed into the market.”
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