The prime London sales market recorded a relatively subdued month in November, continuing a trend seen throughout 2023. Average achieved prices were slightly lower than a month earlier and the annual rate of change was -4.1%, the largest fall since August 2019. However, the longer-term context shows that values are broadly unchanged from a decade ago and in fact are now 1.6% higher than five years ago and 4.1% higher than 10 years ago.
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