Not all of the trends that hit the housing and property market in London are positive. In fact, many reflect a sudden downturn in the market. Of course, within the real estate industry, it must also be admitted that not all of these trends reflect a true state of events. Nick Millican and many of his peers in the industry are cognizant of this fact. 

However, many of these trends still exist. For example, it remains to be noted that this year has seen one of the weakest October seasons in recent times as the investment manager expert explains. Nick Millican informs that this reflects a downturn as far as asking price increases are concerned. 

In fact, as noted by Nick Millican and several of his peers, these rates are the lowest that have been recorded since 2008. But this news is no cause for panic. The truth of the matter is that certain other factors have arisen in order to balance the negative rates that have surfaced in recent months. 

These are new trends that have taken root all across the nation. It should be noted that, as an aggregate, average new seller asking prices rose by a significant amount. According to Nick Millican, this may have been as much as 0.5%.

Nick Millican has also been quick to point out that the average increase for the month of October is listed as a figure of 1.4%. This figure represents an increase from the norm. As can be seen, these figures arrive just in time to balance each other out. An equitable harmony of prices is thus seen as the standard.