House prices in Hounslow have fallen faster than in most London boroughs for the second month running.
The average asking price dropped from £445,120 in May to £425,708 in June, a slide of -4.4 per cent that puts Hounslow in the five worst performing boroughs once again.
Top-end areas of London fared better, with Westminster and Chelsea reporting a 0.7 per cent and 0.6 per cent rise in the past four weeks, with the average price change for Greater London at -1.4 per cent.
Miles Shipside, commercial director of Rightmove, said: "Lenders are trying not to lend right now and are cherry-picking for profit.
"With approximately half the mortgage funds available, homes have to stand out to attract the half of buyers that can still buy.
"For most sellers, that will mean whatever they thought of asking for their property at the peak of the boom, thety need to take at least 10 per cent off. Otherwise, their property will stagnate."
