'Spring bounce' fails to materialise in London housing market

London
House prices
Money
Monday 15 April 2013 at 1:00pm

Property sale and rental signs on a street in west London. Credit: Toby Melville, Reuters.

The traditional spring boost for the housing market has failed to materialise in London this year, according to new data from property website Rightmove.co.uk.

The number of new sellers is down 4% compared with this time last year - and new sellers have trimmed their asking prices by 0.5% in comparison with last month.

Rightmove director Miles Shipside said:

The company says that asking prices may bounce back next month, as the weather improves and sellers come to the market following the Easter break.

LONDON'S BEST PERFORMING BOROUGHS

CAMDEN: average asking price April 2013: £981,879 - up 4.5% on March 2013.

BRENT: average asking price April 2013: £692,067 - up 2.9% on March 2013.

BROMLEY: average asking price April 2013: £355,560 - up 2.4% on March 2013.

SUTTON: average asking price April 2013: £351,447 - up 2.4% on March 2013.

WESTMINSTER: average asking price April 2013: £1,617,732 - up 2.4% on March 2013.

LONDON'S WORST PERFORMING BOROUGHS

HAMMERSMITH AND FULHAM: average asking price April 2013: £972,175 - down 3.4% on March 2013.

NEWHAM: average asking price April 2013: £244,297 - down 1.6% on March 2013.

WANDSWORTH: average asking price April 2013: £700,107 - down 1.4% on March 2013.

BARKING AND DAGENHAM: average asking price April 2013: £216,183 - down 1.3% on March 2013.

KINGSTON-UPON-THAMES: average asking price April 2013: £680,519 - down 1.3% on March 2013.

FULL LIST OF LONDON BOROUGHS - STARTING WITH THE MOST EXPENSIVE

KENSINGTON AND CHELSEA: £2,357,306 (av price April 2013) £2,316,256 (av price March 2013) 1.8% (Monthly change) £2,097,797 (av price April 2012) 12.4% (annual change)

WESTMINSTER: £1,617,732 (av price April 2013) £1,580,380 (av price March 2013) 2.4% (Monthly change) £1,465,323 (av price April 2012) 10.4% (annual change)

CAMDEN: £981,879 (av price April 2013) £939,491 (av price March 2013) 4.5% (Monthly change) £911,586 (av price April 2012) 7.7% (annual change)

HAMMERSMITH AND FULHAM £972,175 (av price April 2013) £1,006,016 (av price March 2013) -3.4% (Monthly change) £906,543 (av price April 2012) 7.2% (annual change)

WANDSWORTH: £700,107 (av price April 2013) £710,078 (av price March 2013) -1.4% (Monthly change) £692,396 (av price April 2012) 1.1% (annual change)

ISLINGTON: £694,333 (av price April 2013) £681,596 (av price March 2013) 1.9% (Monthly change) £666,360 (av price April 2012) 4.2% (annual change)

RICHMOND-UPON-THAMES: £693,255 (av price April 2013) £690,306 (av price March 2013) 0.4% (Monthly change) £701,601 (av price April 2012) -1.2% (annual change)

BRENT: £692,067 (av price April 2013) £672,808 (av price March 2013) 2.9% (Monthly change) £672,259 (av price April 2012) 2.9% (annual change)

KINGSTON-UPON-THAMES: £680,519 (av price April 2013) £689,145 (av price March 2013) -1.3% (Monthly change) £702,283 (av price April 2012) -3.1% (annual change)

BARNET: £594,222 (av price April 2013) £597,110 (av price March 2013) -0.5% (Monthly change) £557,329 (av price April 2012) 6.6% (annual change)

HACKNEY: £590,551 (av price April 2013) £587,961 (av price March 2013) 0.4% (Monthly change) £536,533 (av price April 2012) 10.1% (annual change)

HARINGEY: £588,564 (av price April 2013) £585,364 (av price March 2013) 0.5% (Monthly change) £538,723 (av price April 2012) 9.3% (annual change)

HOUNSLOW: £514,418 (av price April 2013) £520,234 (av price March 2013) -1.1% (Monthly change) £526,072 (av price April 2012) -2.2% (annual change)

LAMBETH: £501,300 (av price April 2013) £502,200 (av price March 2013) -0.2% (Monthly change) £488,856 (av price April 2012) 2.5% (annual change)

MERTON: £480,980 (av price April 2013) £480,563 (av price March 2013) 0.1% (Monthly change) £457,676 (av price April 2012) 5.1% (annual change)

EALING: £478,566 (av price April 2013) £472,155 (av price March 2013) 1.4% (Monthly change) £451,751 (av price April 2012) 5.9% (annual change)

SOUTHWARK: £468,425 (av price April 2013) £465,000 (av price March 2013) 0.7% (Monthly change) £436,727 (av price April 2012) 7.3% (annual change)

TOWER HAMLETS: £426,865 (av price April 2013) £420,486 (av price March 2013) 1.5% (Monthly change) £437,219 (av price April 2012) -2.4% (annual change)

LEWISHAM: £375,352 (av price April 2013) £375,418 (av price March 2013) 0.0% (Monthly change) £364,693 (av price April 2012) 2.9% (annual change)

HILLINGDON: £365,227 (av price April 2013) £367,404 (av price March 2013) -0.6% (Monthly change) £357,020 (av price April 2012) 2.3% (annual change)

BROMLEY: £355,560 (av price April 2013) £347,194 (av price March 2013) 2.4% (Monthly change) £361,885 (av price April 2012) -1.7% (annual change)

SUTTON: £351,447 (av price April 2013) £343,313 (av price March 2013) 2.4% (Monthly change) £349,098 (av price April 2012) 0.7% (annual change)

HARROW: £350,722 (av price April 2013) £351,306 (av price March 2013) -0.2% (Monthly change) £344,809 (av price April 2012) 1.7% (annual change)

ENFIELD: £348,671 (av price April 2013) £342,727 (av price March 2013) 1.7% (Monthly change) £335,331 (av price April 2012) 4.0% (annual change)

WALTHAM FOREST: £310,949 (av price April 2013) £306,505 (av price March 2013) 1.5% (Monthly change) £303,300 (av price April 2012) 2.5% (annual change)

GREENWICH: £309,921 (av price April 2013) £308,702 (av price March 2013) 0.4% (Monthly change) £282,536 (av price April 2012) 9.7% (annual change)

REDBRIDGE: £302,303 (av price April 2013) £303,461 (av price March 2013) -0.4% (Monthly change) £295,027 (av price April 2012) 2.5% (annual change)

CROYDON: £294,646 (av price April 2013) £293,904 (av price March 2013) 0.3% (Monthly change) £285,742 (av price April 2012) 3.1% (annual change)

HAVERING: £262,184 (av price April 2013) £263,596 (av price March 2013) -0.5% (Monthly change) £264,696 (av price April 2012) -0.9% (annual change)

NEWHAM: £244,297 (av price April 2013) £248,251 (av price March 2013) -1.6% (Monthly change) £244,793 (av price April 2012) -0.2% (annual change)

BEXLEY: £225,019 (av price April 2013) £224,194 (av price March 2013) 0.4% (Monthly change) £225,293 (av price April 2012) -0.1% (annual change)

BARKING AND DAGENHAM: £216,183 (av price April 2013) £218,960 (av price March 2013) -1.3% (Monthly change) £228,932 (av price April 2012) -5.6% (annual change)

(City of London excluded due to small number of residential properties.)

Click here for the full data.