Central London Property Prices Continue to Slump in August

Central London property prices continued to slump in August, contrasting with “resilient” performances elsewhere in the U.K., according to the Royal Institution of Chartered Surveyors.While values nationally posted a modest recovery from July’s four-year low, real-estate agents in London gave their bleakest assessment since 2008, RICS said in a survey published Thursday. The outlook for the capital is also subdued, with prime central London the only area in which prices expectations are negative over the next 12 months.Property prices as a whole were driven by increases in Northern Ireland, Scotland and the northwest, according to the survey. Sales have not seen any growth since November 2016, while average stock levels on agents’ books are still near an all-time low.

Source: Central London House Prices Post Worst Performance Since 2008 – Bloomberg

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