New statistics show most London boroughs in house price fall
The latest Land Registry figures have revealed that 30 of London's boroughs have seen a fall in house prices in the last month.
Only two boroughs escaped a dip as the continued effects of the credit crunch and the growing threat of negative equity to buyers saw further drops in the value of homes.
Notable decreases included falls of two per cent or more in Barnet, Croydon, Kensington & Chelsea, Merton, Tower Hamlets, Waltham Forest and Wandsworth.
Overall, prices dropped by 1.5 per cent in the capital in September.
Such figures may suggest to some that renting is a better option than buying at present, something that is borne out by further Land Registry statistics showing that sales volumes in the capital dropped by 60 per cent between July 2007 and July 2008.
The news comes a day after the Hometrack survey showed that London house prices have dropped 1.6 per cent in October, compared with the national figure of 1.3 per cent.
Published 28th October, 2008
© 2008 Estates IT Limited
London Rental Property News By London Borough / Category
Latest London Property News Headlines
St John's Wood brings the village atmosphere to the capital
St John’s Wood is a great location for people looking to capitalise on all the benefits of London living without being caught up in all the hustle and bustle.
Read Article ... Published on 26th May, 2015
Yeading: Enjoy peaceful city living in an up-and-coming area
Yeading is a laid-back and peaceful residential area situated north-east of Hayes and is one of the most up-and-coming areas of the capital.
Read Article ... Published on 26th May, 2015
Hanwell: A green, peaceful environment for Londoners
Hanwell is a small town located in the Borough of Ealing and is in between Ealing and Southall, providing excellent transport links to the rest of the capital.
Read Article ... Published on 26th May, 2015
Mitcham Carnival announced for June
Mitcham Carnival has been announced for Saturday June 13th at Three Kings Piece.
Read Article ... Published on 22nd May, 2015
Hammersmith and Fulham Council start Park consultation
Hammersmith and Fulham Council have launched a new consultation on Hammersmith Park, inviting local residents to have their say on the area and how it can be improved.
Read Article ... Published on 22nd May, 2015
New conservation areas planned around Waltham Forest
Waltham Forest has announced plans for two new conservation areas near Lloyd Park and Bakers Arms town centre.
Read Article ... Published on 20th May, 2015
Sutton Council announces Take Part Take Pride summer festival
Sutton Council has announced its Take Part Take Pride summer festival.
Read Article ... Published on 20th May, 2015
Brent Council teams with Brent Housing Partnership in new project
Brent Council has partnered with the Brent Housing Partnership as it aims to improve the standard of housing for local people.
Read Article ... Published on 19th May, 2015
Gardeners prepare for Islington In Bloom
Islington Council is preparing for this year’s “In Bloom” event by teaming up with local gardeners to identify the best greenery available in the area.
Read Article ... Published on 15th May, 2015
New fitness centre set to open in Manor Park
A new fitness centre is expected to be opened in Manor Park by Newham Council.
Read Article ... Published on 15th May, 2015
The latest Land Registry figures have revealed that 30 of London's boroughs have seen a fall in house prices in the last month.