London house prices ‘to fall 5%’, says Rightmove

Buoyant property sales in England and Wales in November show the market has steadied after Britain’s decision to leave the EU and asking prices look set to rise by 2% next year, property data firm Rightmove said.

Sales were up in all regions except London in November. London’s central area was expected to remain weak, with prices falling by a further 5% in 2017, prices in while outer London were expected to match this year’s roughly 3% price rise.

Sales agreed were up by 5.2% last month compared with November 2015, it said.