Moneyweek editor Merryn Somerset Webb reveals some eye-catching figures from estate agents John D Wood.

In the last quarter the price of a house in Kensington or Holland Park has fallen by around 18%, while that of a flat is down just under 8%. Houses haven't fared so badly in Notting Hill, but they are still down by 9% or so. Also of interest is the price of so-called large houses (3,500 square feet plus) across the capital: for these "the second quarter has witnessed values falling back by 8.5%."

Don't expect foreign money to bail out the top of the London market, she warns.

The Rat and Mouse interview - Moneyweek's Merryn Somerset-Webb [July 30, 2010]

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