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1.Market Observations, 8.Was Sticky

15 Oct 2018 (AFR) – London slows down at the high end of town – Widest house price discounts in London’s affluent Kensington and Chelsea: UBS

(15 October 2018, AFR, p34, by Ingrid Fuary-Wagner)

‘Vendors of London’s most expensive properties in the most exclusive neighbourhoods are suffering most from the current downturn as house prices across the city fall at their fastest rate in almost a decade. London’s real estate market remains weak, with property prices in July recording their biggest annual decline since 2009 of 0.7 per cent. The average property in the city costs £485,000 ($900,000), according to the Office of National Statistics.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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