http://firstrung.co.uk/articles.asp?...132&cat=44-0-0
London house prices crash by 2.4 percent in the single month of June
This month's 2.5 per cent fall in London house prices is greater than the average for the country as a whole. London's positive annual change of 2.4 per cent is being sustained due to higher monthly increases at the start of the previous twelve months. During 2007, London experienced above average price growth. However, the monthly price changes for the last five months show growth rates falling to more modest levels.
The borough with the highest annual price increase is the City of Westminster, rising by 15.3 per cent. The borough with the highest monthly price increase is Kensington And Chelsea with a rise of 1.1 per cent. Harrow experienced the lowest annual change, with a movement of 2.9 per cent.
Hammersmith And Fulham experienced a movement of -2.7 per cent, making it the borough with the greatest monthly price fall.
This month's 2.5 per cent fall in London house prices is greater than the average for the country as a whole. London's positive annual change of 2.4 per cent is being sustained due to higher monthly increases at the start of the previous twelve months. During 2007, London experienced above average price growth. However, the monthly price changes for the last five months show growth rates falling to more modest levels.
The borough with the highest annual price increase is the City of Westminster, rising by 15.3 per cent. The borough with the highest monthly price increase is Kensington And Chelsea with a rise of 1.1 per cent. Harrow experienced the lowest annual change, with a movement of 2.9 per cent.
Hammersmith And Fulham experienced a movement of -2.7 per cent, making it the borough with the greatest monthly price fall.
The fun just keeps on coming!
