Aug
03
Knightsbridge and Chelsea Lead London Home-Price Decline
ByHome prices in London’s Knightsbridge district dropped 7.3 percent in the 12 months through July, the biggest annual decline in almost seven years, as Britain’s vote to leave the European Union accelerated price drops caused by rising taxes.
Values fell 1.5 percent across central London’s best districts, with prices in Chelsea down 7.2 percent, broker Knight Frank said in a Wednesday report. Rents in the area known as prime central London fell 3.6 percent in the period and the number of new properties offered for lease rose 49 percent in the second quarter, according to data compiled by the broker…
Knightsbridge and Chelsea Lead London Home-Price Decline
