Prime residential prices in central London fell by 3.9% in October, the fastest rate of decline on record, Knight Frank’s latest market report has found.
Since the peak of the market in March this year, prices have fallen by 13.4%. And the six monthly decline in price – from May to October - was 12.4%
All areas of the capital have been hit by falling prices – with only a slight difference in the rate of decline between houses and flats, which fell by 3.8% and 4.0% respectively.
See the data here.