Property Prices

According to Right Move, property prices in England and Wales have fallen 2.6 per cent in November; that’s a marked contrast with London where prices have risen 1.2 per cent. ‘The capital is benefiting from strong overseas buyer interest with the most expensive boroughs seeing the largest price rises.’

Miles Shipside, director and housing market analyst at Right Move says, ‘Outside the capital, agents report prices are broadly flat in many parts of the country compared to a year ago. This stability may indicate a sounder springboard for 2013 as the wait goes on for a sustainable recovery in transaction numbers.’