Living
London’s Poshest Homes Are Sitting Empty
- Houses in wealthiest areas taking over two months to lease
- Rents are falling near fastest annual pace in a decade
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London’s luxury housing market is enduring a lonely lockdown.
Homes in the most expensive areas of the capital are sitting empty for more than two months before finding tenants, the longest waiting period since the last financial crisis, according to property data company LonRes. And that’s despite rents recently plummeting at the fastest annual pace in a decade.