Continuing a trend that started over the summer, London house prices fell on average by more than GBP 30,000 over the past month, according to figures released by the property website Rightmove. The biggest drop was reported in the city’s Hammersmith & Fulham and Hackney districts, where asking prices fell by 7 percent and 6 percent respectively. Despite the cuts, however, the capital’s average house prices are still 11.1 percent higher than what they were in December 2013, according to Rightmove. The website is predicting asking prices will be up 7 percent by the end of the year and jump by 4 to 5 percent in 2015.
The data shows that there has been a 3.3-percent drop in house prices across the UK since November, with the average price decreasing by GBP 9,000 to GBP 258,424.
