Oil Tycoon, Art Collector Cut London Mansion Price on Low Demand
- Maleki family trying to sell the townhouse in London’s Mayfair
- Pricey financing weakening demand for city’s luxury properties
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Fatima and Eskandar Maleki have reduced the asking price of their Mayfair property as high financing costs and political risks sap demand for luxury London homes.
The five-story Edwardian mansion, which is nestled between Hyde Park and Berkeley Square, is now listed at £30 million ($36.5 million), down from £35 million, according to people familiar with the matter.