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04

Bonus Slump Fueling Home-Price Drop in London’s Banker Enclaves

By Tony Seruga

Home prices in London districts typically favored by bankers are falling as bonus payments drop and career promotions are delayed, according to a report compiled by Knight Frank LLP.

Values in Knightsbridge declined 6.8 percent in the year through March, while they were down 4.9 percent in South Kensington and 2.5 percent lower in Chelsea, the London-based broker said in a report Monday…

Bonus Slump Fueling Home-Price Drop in London’s Banker Enclaves

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