The Guardian Reports:
Asking prices in London fell 5.3% in August, according to the Rightmove house price survey - equivalent to a £21,000 drop in a single month. Prices in some of the most sought-after suburbs are falling much lower. The average asking price in Wandsworth fell from £522,000 to £481,000 in a single month - or 7.9%. Homes in Brent, Kingston-upon-Thames, Richmond-upon-Thames and Greenwich were down more than 6.5%.Below we can see that price drops were not contained in just one segment of London's real estate market.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiXbkGg4R9m8UA-_wwQAY4bISX3LILZCTcjetLk-LrmTThYx-zDVGOJDKc18tksfcSSSLUP6ACkEhmBSAIOpUxWTJ8dvRH5k3Ja2YNDZmua9NQPo6Rq8mJcIJyPXGtxuTV8cYdYuJwz0K8/s400/LondonProperty.png)
Source: Credit Writedowns
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