The average asking price for a London home is now a staggering £685,200, Rightmove revealed last month, but the type of property you can get for that sum varies wildly across the capital.
Mortgage rate hikes are beginning to have a knock-on effect on asking prices as buyers push for better deals, and more than four in 10 sellers (42 per cent) are accepting offers five per cent or more below asking price. On average, however, price reductions are currently 3.8 per cent, and it seems there has not been an immediate hit to buying power — yet.
