16 Hrs
Source:
The Guardian
UK's richest borough home prices drop by £100k in a month
Property prices in London's Kensington and Chelsea have dropped significantly, with asking prices falling by nearly £100,000 in one month due to increased seller competition and market cooling. The national housing market is also experiencing a decline, with London seeing the largest drop among regions. Buyers and investors are gaining leverage, with many sellers accepting lower offers amid declining demand and rising mortgage costs.
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