The national average asking price is lower than it was a year ago; the first annual drop since 2011
It's "an early Christmas gift for buyers", declares Rightmove, as asking prices see the biggest November fall since 2012
What to read next
PCL’s 2013 price rollback
Average prices in the capital's most expensive neighbourhoods are now at the same level they were six years ago after another bruising 12 months
By PrimeResi
‘2017 marked a turning point for the PCL property market’
Higher-value transaction numbers in London recovered through 2017, say Knight Frank and Strutt & Parker
By PrimeResi
London’s new-build output to shrink ‘by 30-35%’ in 2020
Latest supply update from Savills suggests prime activity was ticking quite nicely along pre-lockdown
By PrimeResi
Companies in this article
RightmoveMost read
Power struggle at major family-run estate agency
Boardroom rift heads to the High Court as AIM-listed firm launches proceedings against its chairman.
By PrimeResi
Star Douglas Elliman broker targets London’s super-prime market
Luxury NYC specialist secures exclusive US representation for raft of landmark developments as American demand continues to build.
RBKC agency Russell Simpson expands with new SW London office
The former Head of Sales at John D Wood in Parsons Green will be leading the new operation.
Prime London transactions up 14% as more buyers come off the sidelines
Knight Frank says buyers and sellers have become 'hardened to the volatility' as latest numbers suggest an improving picture across the prime postcodes.
Developer & contractor convicted over fatal London tower incident
Foster + Partners cleared of health and safety breaches over fatal Corniche window fall; St James and Lindner Prater found guilty.
By PrimeResi
Georgian gem changes hands on Fitzroy Square in off-market deal
Demand for best-in-class homes is driving top-end activity in PCL, says agency behind latest benchmark sale.
UK Sotheby’s recruits former Anderson Rose director
Scott Joseph will cover Prime Central and North West London from the brokerage's St John's Wood office.
‘A home is the centre of family life, not an untapped tax stream’: Wealthy London boroughs unite against ‘mansion tax’
RBKC, Westminster, Richmond & Wandsworth say residents could end up paying more than half of the proposed national levy.
Agency lists Royal Tunbridge Wells’ historic town centre for sale with manorial title
'This is one of the rarest offerings to reach the UK property market in a generation,' say BNP Paribas Real Estate and Strutt & Parker.
By PrimeResi
Rhodium hires former Nobu exec to lead global growth push
Dean Main's luxury property consultancy brings in Diane Daudin-Clavaud as Chief Development and Strategy Officer.
LATEST ARTICLES
Six Senses owner eyes boost from branded resi boom
IHG now has 35 residential projects open or selling across 19 countries as developers pile into the sector.
Malins Group rolls out private client arm
Property group launches new division for owners restoring, remodelling and creating ‘exceptional’ homes.
Big London agency reports 22% drop-off in buyer registrations
Chestertons flags steepest annual fall in prospective buyers since last November amid political and tax uncertainty.
New York’s pied-à-terre tax paused after nearly a million properties swept into rollout row
Homeowners launch legal challenge to implementation, arguing City Hall ‘arbitrarily and capriciously foisted onto New York City residents the burden of proving they are not subject to the Surcharge.
By PrimeResi
Grand Registry: Surveying last month’s biggest registered deals
A £23mn residence in Chelsea topped the latest rundown of officially recorded transactions.