House prices in Greenwich borough drop 3.7 per cent on the month
New figures show a sizable monthly drop for average house prices in Greenwich borough.
The average price dropped 3.7 per cent for November according to figures from LSL derived from the Land Registry.
Aside from the ONS these figures are the most reliable as they come from actual sale prices registered with the Land Registry, and offer far more coverage than Halifax, Nationwide or Right move which measures asking prices and not sold prices.
However monthly figures can jump widely – often depending on the number of new-builds are sold. Annual figures showed a 0.9 per cent rise.
Lewisham borough on the other hand saw a three per cent annual fall but a 0.1 per cent rise on November.
Both boroughs overall continue the trend of drifts downwards seen over the past year. Bexley was up 1 per cent on the month and at zero change over the year.