London housing market slowest in country as house prices stagnate

It is taking longer to sell a home in London than anywhere else in the UK , as the capital's housing market stays “sluggish”. The average amount of time it took from marketing a home to accepting an offer rose from 55 days in August to 58 in September, and up from a 12-month low of 48 days this time last year. This was more than three weeks longer than the average for the rest of the country. The quickest time to secure a buyer was in Scotland , where it took 24 days, and the South West , where it took 33 days. The average asking price rose 0.8% in the capital in the 12 months to September, to £638,285. The greatest annual asking price rise was in Barking and Dagenham at 5.7% to £346,594 followed by Bromley (4.8% to £585,876).

London Evening Standard