Sell My House Quickly Ealing

Tel: 07990 571378

London House Prices

Sell My House Quickly in Ealing

Sell My House Quickly found another interesting article about properties in Ealing. London house prices: the areas where property is rising — and where it’s falling. Asking prices dipped slightly ahead of a forecast Boxing Day boom.

London House Prices

Asking prices in London nudged down 0.4 per cent (£2,591) in November as the Christmas property lull comes early.

December is traditionally the quietest month for home sales and sellers desperate to bag an offer before Christmas are marketing their homes at a lower price, this month’s Rightmove index shows.

The marginal fall which takes the average asking price in the capital to £647,817 mirrors the same pattern across the country.

Nationally price tags, on average, slipped £0.6 per cent (£2,044) – the largest monthly fall since last January when they fell 0.9 per cent.

Experts claim this could be the market cooling off in the run-up to Christmas before the traditional Boxing Day boom as people begin looking for a new home.

“Despite the soaring property market and consequent shortage of choice for prospective buyers, new sellers have given buyers an early Christmas present by dropping their average asking prices by 0.6 per cent.

“Sellers who come to market this close to Christmas often have a pressing reason to sell so price more attractively,” says Rightmove’s Tim Bannister.

Where asking prices are rising in London

The November Rightmove Asking Prices Index reveals a fragmented pricing picture in London with the biggest rises in the outer boroughs, where property is considered more affordable, and the most exclusive pockets of central London, where the average asking price is well above the one million pound ceiling.

The highest annual asking price rise was in Bromley in the 12 months to November with a jump of 6.5 per cent, taking the average price tag to £595,819.

Merton (5.8 per cent to £686,169), Barking and Dagenham (5.4 per cent to £350,102), Bexley and Havering complete the top five boroughs where asking prices rose most year on year.

We found this article about London house prices on Evening Standard. Kindly click the link to read the full story.

At Sell My House Quickly Ealing, we pay fair prices for any property fast and quick so please feel free to Contact us here for more details.