(Bloomberg Gadfly) -- The average asking price in January for a home in London is down 3.5 percent from a year earlier, according to property website Rightmove. But there are stark regional differences. Life for values at the center of London’s subway system, in Zone 1, is (relatively) bright and breezy. However, the areas hugging the center, which are more affordable, have been hurt the most, dropping as much as 8 percent.
Despite some grim London numbers, Rightmove reports people still have a keen interest in U.K. property. The company said it had more than 4 million visitors a day to its website in January, up 9 percent from a year earlier. Given the strong interest, the decline in prices in the capital may tempt some buyers back to the market.
This column does not necessarily reflect the opinion of Bloomberg LP and its owners.
Elaine He is Bloomberg Gadfly's data visualization columnist in Europe, focusing on business and markets coverage. Before joining Bloomberg, she was a graphics editor at the Wall Street Journal and the New York Times.
To contact the editor responsible for this story: Jennifer Ryan at jryan13@bloomberg.net.
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