Housing prices in London fell in October

According to the national study conducted by Hometrack, housing prices in London and in the south-east of the country have fallen, which contradicts other studies that claimed that in these areas real estate market continues to be stable.

In October, housing prices in London and in the south-east of the country fell by 0.1%compared to September. In addition, prices have not risen at all over the past two months.

Over the past four months, the number of new buyers that are registered with agents has decreased by 17%, and the average period of time during which the property is on the market increased to 7.4 weeks, unlike 5.8 weeks in May, reports Prian.ru with reference to The Guardian.