Deals Are Slipping for London’s High-End Homes, but Appetite Remains in the Most Upscale Neighborhoods
16 December 2022
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London’s prime housing market, despite being more shielded from the economic challenges impacting the wider housing market, has proved it’s not immune after all, according to a report Friday from LonRes.
The number of homes under contract across the capital’s prime enclaves, which includes the neighborhoods of Chelsea, Kensington, Mayfair and Knightsbridge, was down 14.6% in November compared to the same time last year, and finalized sales were 4.8% lower, the property analysts said.