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January figures show London house prices down 0.2%

houses

New figures from the Land Registry have revealed that London house prices fell 0.2% in January, bringing the annual rate of residential property inflation in the capital down to its lowest level in a year. Prices are 12% higher than in January last year. There were considerable differences in varying neighbourhoods - prices fell 1.9% in Kensington and Chelsea and rose 1.7% in Camden. Property sales in England and Wales fell by 19% last November compared to the same month in 2013, with 68,107 homes changing hands. House prices in January rose by an average 6.7% year-on-year to £179,492.

 

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