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Five London Homes Where Asking Prices Have Tumbled by 20% or More

If you’re in the market for a home with a ballroom, now’s a good time to buy.
Stratheden, The Bishops Avenue, N2.
Source: Glentree International
Updated on

London’s housing market is in a state of flux, as a combination of Brexit and increased stamp duty lead to forecasts that values will drop. In many parts of the capital, though, those falls are already happening.

Luxury home prices in some of the most expensive districts fell by more than 10 percent in the 12 months through November, according to broker Knight Frank LP. In Chelsea, they’re down 12.6 percent, Kensington values are down 9.1 percent and north of Hyde Park, the priciest homes are selling for 11.2 percent less than a year ago.