Apr
18
London House-Price Growth at Five-Year Low as Luxury Sector Slumps
ByKensington and Chelsea led declines among the capital’s most expensive areas.
London home values grew at their slowest annual rate in almost five years in February as values in the capital’s most expensive boroughs including Camden and Kensington and Chelsea fell, according to Acadata and LSL Property Services Plc.
Prices across the city rose just 0.1 percent on the month to an average 606,780 pounds ($760,000), the groups said in a report on Tuesday. That left the annual gain at 1.5 percent, the weakest reading since April 2012…
London House-Price Growth at Five-Year Low as Luxury Sector Slumps
