London Prime Land Values Start to Topple on Sales Woes: Chart

The value of land for luxury homes in central London fell 6.9 percent in the second quarter, broker Knight Frank LLP said on Wednesday. Shares of developers with large residential projects in the U.K. capital’s best districts have lagged behind commercial-property landlords since the Brexit referendum vote after the companies began to write down the value of their holdings on slowing sales and falling prices.