20 Hrs
Source:
The Guardian
Reasons behind London's mansion sales slowdown
London’s luxury property market is experiencing significant price reductions, with some multimillion-pound homes dropping in value by nearly a quarter due to declining demand from international buyers and economic uncertainties. Many high-end properties are spending longer on the market and being sold at discounts, reflecting a slowdown in the once-booming prime market. Despite this, ultra-prime assets and trophy homes continue to attract wealthy buyers, though overall market confidence remains subdued.
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