Asking Prices Jump In London

18 October 2010, 15:05 | Updated: 18 October 2010, 15:09

Despite every indication the housing market is falling, asking prices jumped by more than 5 per cent in London in the four weeks to October the 9th.

That's according to property website Rightmove, which is suggesting sellers are refusing to adjust to the reality of a falling market.

There have been three consecutive months of lower selling prices and record levels of property on estate agents' books.