London’s Long Housing Boom Is Over. Is a Bust Coming?
Pillars that supported home prices for years are under threat. And then there’s Brexit.
London Home Prices Keep Falling
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Lance Paul put his home in West London on the market last May with a 1.5 million-pound ($2 million) price tag. A year on, the retired animator is asking 1.1 million pounds and still hasn’t found a buyer.
Now, after dozens of viewings that came to nothing and a few low-ball bids, the 71-year-old has an offer that’s agonizingly close to the floor he promised himself he would never go below. He just might accept it.