London homes worth less than a year ago - papers 15th Sept

THE VALUE OF HOMES may finally be declining as the average home in London is now worth less than it was a year ago suggests Rightmove in this morning's Times newspaper. Falls in the value of property are related to house price inflation which has now fallen for the ninth month in a row, says the online estate agents chain, as annual house price inflation dropped below 10%, to leave it standing at 12.4% from 26.5% at the beginning of the year. That said, the volume of house sales on the market in the last month has increased almost 50% over the past four weeks, as 31,700 more prope...