Asking prices for newly listed homes in UK’s richest borough fall by £100k in one month
Asking prices for homes in London's affluent Kensington and Chelsea borough have dropped by £100,000 in a single month. This decline reflects a broader cooling of the UK housing market, driven by high mortgage rates and economic pressures.
Properties for sale in the borough of Kensington and Chelsea in London have undergone a sharp drop in listed asking prices. Photograph: UCG/Universal Images Group/Getty Images Properties for sale in the borough of Kensington and Chelsea in London have undergone a sharp drop in listed asking prices. Photograph: UCG/Universal Images Group/Getty Images Housing market Asking prices for newly listed homes in UK’s richest borough fall by £100k in one month Fierce competition in some areas of London means landlord purchasers are making successful lowball offers
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in