Pursuits
Home Values Fall in Priciest London Areas as England Surges
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Home values in Kensington & Chelsea and Westminster, London’s most expensive boroughs, fell in April as a strengthening pound and potential new taxes deter wealthy foreign buyers.
The average price paid for a home in Westminster, which includes Mayfair and St. James’s, fell 2.9 percent to 1.19 million pounds ($2 million), according to data compiled by Acadata Ltd. Values in the borough dropped 14 percent from a year earlier, the real estate research firm and LSL Property Services Plc said in a report today.