Mar
01
London Homeowners Are Desperately Slashing Prices
ByThese are the places to look if you want to see the worst-affected areas.
More London home sellers are having to cut the asking price of their homes, and they’re offering deeper discounts as political uncertainty and high values dampen demand.
“Price cuts seen in prime central London in the immediate aftermath of Brexit are now filtering through to outer boroughs,” said Savills Plc residential research director Lucian Cook. “Affordability issues are now a problem after a decade of house-price growth, and buyers are finding they increasingly come up against mortgage-lending limits.”…
London Homeowners Are Desperately Slashing Prices
