Wednesday April 1, 2020

Sales of high-end London homes slump

Number sold down 43 per cent in post-Brexit period

15th July, 2016
Brexit bites London prime property market Pic: Getty

London’s best homes are proving a tough sell after Britain voted to leave the European Union last month.

Home values across the capital were already being hurt before the vote, with prices decreasing 1.4 per cent in May, the biggest monthly decline since June 2011, according to data compiled by Acadata and LSL Property Services.

The Royal Institution of Chartered Surveyors’ measure of London home-price changes last month fell to its weakest since the financial...

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