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The Royal Institution of Chartered Surveyors reported a net balance of 19% of professionals seeing buyer enquiries drop in August, but price‑fall reports eased to 28% from 29% in July. Rightmove added that buyer demand rose 5% between 1 and 5 September, offering a small boost for London house hunters.
House prices in London have seen an annual decline of 3.1% in the 12 months to July 2026, with the average asking price now standing at £646,451. Commuter towns such as Haywards Heath and Maidenhead experienced more significant drops.
A converted garden shed in West Ealing, advertised as a £100,000 freehold detached house, failed to attract any bids at auction. The property, located in a residential garden, may be relisted at a lower price next month, as Rightmove reports a 2% drop in London asking prices.
The average asking price for newly listed homes in Kensington & Chelsea fell by £95,000 between July and August, Rightmove reports. London recorded the steepest regional decline, with a 4.4% drop, as the number of available properties reached a 16-year high.
As hundreds of thousands leave the capital, seaside towns are experiencing a property boom. Broadstairs, Kent, has seen sea-view properties rise by over £128,000 since 2019, outpacing national averages and reflecting a wider trend of coastal desirability.
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