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27/04/2009
House price fall 'slowing down' |
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The rate by which house prices are falling is slowing, new figures have indicated.
Hometrack revealed that the average property dropped by 0.3 per cent in March, down from 0.6 per cent the previous month, while the annual reduction was 10.1 per cent, down from 10.3 per cent.
Such figures may suggest that the market is bottoming out, which could be of interest to those wishing to buy or sell a home in London.
The survey revealed that more people are becoming involved in transactions, with a 15 per cent jump in April.
Another positive finding - which may particularly interest those living in Westminster - is that prime central London prices are rising again, according to a new survey.
Figures from Knight Frank last week showed that such prices increased 0.4 per cent this month, the first increase in a year.
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