Rat and Mouse
Tue
09
Sep
Prime London prices hit, say Knight Frank

The headlines:

  • a 1.3% fall in August (the fourth consecutive monthly drop)
  • annual "growth" now -1.6%, pushing the figure into the red for the first time since 2003
  • the cheaper properties are worst hit... with sub-£1m homes down 9.2% on the year
  • properties priced between £5m and £10m are still 1.3% up on the year
  • everything's fine in Mayfair, where properties are up 10.3% on the year

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