Big freeze puts chill on London's house prices

My Account
Logout

Create an Evening Standard Account

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Welcome! Sign in here

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Forgot your password ?

Registration

* indicates fields that are mandatory

Email *

Password *

Confirm Password *

First name *

Surname *

Postcode *

Country *

Mobile phone number

Username *

Gender *

Year of birth *

When you sign up...

You will have access to all our online competitions, discounted offers and can post comments on our site.

You will also receive The Weekender newsletter sent every Thursday - it’s full of fantastic offers and ideas for the weekend. You can update your email preferences in your account page when you log in.

Other newsletters and emails

Homes & Property Newsletter - Yes I want to receive the weekly email with all the latest news on property in the capital

Occasionally we would also like to send you relevant emails detailing specific offers either from ourselves or carefully selected partners. If you would prefer not to receive these then please tick the appropriate boxes below. We will never pass on your details.

I do not want to receive additional offers and information from the Evening Standard

I do not want to receive additional offers and information sent by Evening Standard on behalf of carefully selected partners

Terms and Conditions

* I have read, understood and agree to be bound by the terms and conditions of Evening Standard

Registration

Mail Sent for Registration Confirmation.

A confirmation email has been sent. Please activate your account by clicking on the activation link sent in your mail box.

The freezing conditions of recent weeks have pushed house prices down even beyond the normal seasonal falls for this time of the year.

This means that hardy buyers may be able to pick up a bargain in the lead-up to Christmas as the severe cold makes others stay at home.

Property professionals know that this time of year is always good for buyers looking to strike deals, with sellers anxious to move before the year end.

But Oliver Hooper, director of buying agents Huntly Hooper, added: "With the temperatures having fallen so drastically over the last few weeks, there are even fewer buyers braving the cold and doing viewings.

"Consequently those who are still looking could well be able to put in lower offers and get them accepted."

Huntly Hooper research, based on sales prices over the last two years, shows prices dip at this time of year but that the falls are more pronounced this season.

DES RES SAVINGS

Flat, 27 Holland Park
Price reduced from £2.795 million to £2.55 million (8.75 per cent). Entrance hall, drawing room, dining room, kitchen, master bedroom with
en-suite shower room, two further bedrooms, further bathroom, utility room, balcony, direct lift. Second floor, share of freehold, 1,650 sq ft.

22 Wilton Place, SW1 Terrace
house down from £9.25 million to £8.75m (5.4 per cent). Master bedroom with en-suite bathroom and dressing room, four further bedrooms, three bathrooms, drawing room, reception, sitting room/library, dining room, study, kitchen, steam room, gym. Freehold, 3,890 sq ft.