No sign of usual autumn price bounce as London drag continues - According to Rightmove

House prices up or down?

According to Rightmove there is no sign of usual autumn price bounce as London drag continues  

  • Price of property coming to market falls by 1.2% (-£3,660) this month, the first monthly fall at this time of year since 2013 
  • National average price fall exacerbated by London continuing to readjust and smaller falls in the other southern regions  
  • Potentially good news for buyers’ finances with average earnings of +2.1% now almost double annual property price increases of +1.1% - the lowest annual rate of house price increase since February 2012
  • Number of sales agreed is higher than this time a year ago in all regions, up nationally by 4.8%, showing that demand remains strong for the right property at the right price

See the full article here