London sellers ready to drop asking prices

House sellers in London are feeling increasingly confident as the number of sellers willing to drop their asking prices fell last month. There was a 51% decrease in the number of home-sellers being prepared to drop their asking prices in August, compared to July. Chesterstons said a return of seller confidence was likely to lead to London's property prices rising. August sales were up 54% on July, thanks to a growing demand from buyers, the agency said. Chestertons found that buyer enquiries were up 18.2% with viewings up 8.6% compared to the five-year average performance for the month of August. London boroughs that experienced high demand from buyers included Islington, Fulham, Canary Wharf and Battersea.

City A.M.