Haringey no longer "worst performer" in property value slump

Haringey no longer

Haringey no longer "worst performer" in property value slump

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This Is Local London: Photograph of the Author by , Reporter

  The average house price in Haringey has continued to drop - but the borough no longer has one of the top five fastest falling property prices.

New figures from property analyst Rightmove show house prices in Haringey fell by almost £42,000 in August, a drop of 6.5 percent.

In June Haringey was dubbed the ‘worst performer’ in London, with the biggest drop in property value at 4.8 percent.

Although the drop in property prices has increased, Haringey has been outstripped by Wandsworth, Hammersmith, Kensington and Chelsea and Kingston, which have all seen property prices fall between 7 to 8.4 percent.

Miles Shipside, Rightmove director and housing market analyst, said: “Top-end sellers are very much discretionary ones, so can delay marketing till a more active time of year. That tends to depress property prices more in the higher-priced boroughs, with those that need to sell in summer pricing lower to attract holiday-distracted buyers.”

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