That suggests that a slump in the high-end central London market, described by Rightmove as a readjustment, may be gathering pace as Brexit uncertainty continues and tax changes prompt many wealthy investors to sit on their hands. Rightmove said it measured more than 98,000 asking prices, which represented around 90% of the UK market. The properties were put on sale between 13 August and 9 September. A spokesman said its updated methodology went back to 2010, and the annual fall of 3.2% for London was the largest drop so far this decade. The monthly fall in the capital is the largest since December 2016.
There will be no major data releases from the UK tomorrow. In the US session Building Permits and Housing Starts data will be released. Analysts do not expect significant change.
Figures to watch:
Building Permits/Housing Starts (Tuesday 14:30)
