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House prices fall or rise (take your pick)
4 comments
House prices went up slightly – by 0.4% – in July, the Land Registry has reported. It

Knight Frank stay quiet after conman is jailed
9 comments
A tenant who faked his identity when renting through Knight Frank has been jailed for three

Rich overseas buyers keep prime London market aloft
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Chinese buyers are expected to replace Russian investors as major players in the prime central London

Moving occasion: today's the day!
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The most popular moving date is today, September 1, the Post Office has revealed. The two next

Prospective first-time buyers sink to new low
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The proportion of buyers expecting to buy for the first time in the next 12 months

Housing market 'edging towards double dip' claim
2 comments
Net lending plummeted in July to the second lowest monthly figure since records began in 1993,

Henry Pryor Blog
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Welcome to a new monthly blog by Henry Pryor, estate agent turned entrepreneur, inventor and expert

Rightmove profits climb 39% as more agents sign up
14 comments
A rise in the number of agents and an overall willingness to pay more to Rightmove

Portal creates new 'check out your competition' stats
1 comments
Property portal Home has created some new statistic pages on its site which we reckon will

Six in ten mortgages are now for house purchase
2 comments
The proportion of mortgages being taken out for purchases, as opposed to remortgages, is at its

News Story

Asking prices in London on the up as rents plummet

Wednesday 11th March 2009

Asking prices for properties in central London and listed on Primelocation rose 0.94% in February and are up by over 3.24% year on year.

This is in contrast with anecdotal reports from central London agents who have told Estate Agent Today that actual sales prices are down by up to 25% over the last year.

The site also reports that asking prices for lettings fell in central London by 13.72% between February 2008 and February 2009. It blames a huge over-supply of rental properties, saying that available stock levels rose 97% in that time.

Primelocation says that asking prices for properties for sale outside central London all fell in February – by 6.57% in the south-west and 1.56% in the south-east.

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Editorial Contact Details - Rosalind Renshaw | rosalind.renshaw@estateagenttoday.co.uk | 01252 843 566.