LittleProfessor

For some odd reason, Rightmove doesn't refer to prior year JUMPS in October asking prices, which have always been huge:

 

This year's 4.95% jump in Great London asking prices seems a shocker, until you see that last year's rise was 6.5%.

Fair point

+ Rightmove has reported a 7.1% drop in Greater London over 3 months

Ahem...

Bloomberg, Oct 18 2010: London Home Sellers Raise Prices by 5%

London home sellers raised asking prices by the most in six months in October as owners across the U.K. brushed off the challenges posed by the biggest fiscal squeeze since World War II, Rightmove Plc said.

 

Average asking prices in the capital increased 5 percent from September to 418,778 pounds ($671,301), the most since February, the operator of Britain’s biggest property website said in a report published in London today. Across the U.K., prices rose 3.1 percent to 236,849 pounds.

Just saying....