Prime London prices fall

10th July 2015

Prices at the top-end of London's housing market fell 0.9% in the quarter to the end of June for the first time since 2009, according to research published in the Financial Times. Anthony Payne of data provider LonRes, said London's luxury housing market had been "growing far too quickly", and called the slowdown “good news”. The figures also show that the slowdown has affected deal volumes with the number of transactions of London's luxury properties falling by nearly a quarter year-on-year.

Financial Times (04/07/2015)