Central London House Prices Post Worst Performance Since 2008
- Falling values in capital contrast with other parts of U.K.
- Price expectations for London negative over next 12 months
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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.