Doom

[DimPrawn]

If London house prices fall like that for another couple of years, who knows we could be back to 2005 prices.

[ace00]

or boom, depending on which side of the fence you sit.

"London house prices fall 5.3% in a month"

Awesome figures for 1 month. 12 more like that and it will be time to buy..

[DimPrawn]

Asking prices in London fell 5.3% in August, according to the Rightmove house price survey - .

Interesting seeing it's only the 18th today.

[Xenophon]

Its all relative.

[Pickle2]

or boom, depending on which side of the fence you sit.

"London house prices fall 5.3% in a month"

http://www.guardian.co.uk/money/2008....housingmarket

Londoners selling their homes have cut thousands of pounds off their asking prices as the downturn finally arrived in the capital.

Asking prices in London fell 5.3% in August, according to the Rightmove house price survey - equivalent to a £21,000 drop in a single month. Prices in some of the most sought-after suburbs are falling much lower. The average asking price in Wandsworth fell from £522,000 to £481,000 in a single month - or 7.9%. Homes in Brent, Kingston-upon-Thames, Richmond-upon-Thames and Greenwich were down more than 6.5%.