According to Rightmove, asking prices are down 2.3% nationally in August, leaving them 4.8% year-on-year. In London, the August figure was 5.3%, with Wandsworth being hit particularly hard, asking prices falling 7.9%. Annually, the London figure's down 3.8%. Rightmove's Miles Shipside, in his accompanying comment, blames the scarcity of mortgages, and suggests buying in the Olympic areas as the best hedge against falling house prices. More here.

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