Central London holding up despite worst market since 2010
CENTRAL London is defying the worst UK housing market for any October in eight years.
Tentative signs of a rebound in some of the capital’s most expensive districts saw asking prices for homes in inner London climb 2.4 per cent from September to an average £625,064 (S$1.1 million).
In Britain as a whole, values rose one per cent, the smallest gain for the month since 2010. The increase in part reflects the seasonal pickup in the market after the summer, though there’s still plenty to be worried about.
A report from the Royal Institution of Chartered Surveyors last week found a subdued market and significant caution among potential buyers.