Prices slashed on London’s most expensive properties

10 October 2022

The Daily Telegraph 

Asking prices of London’s most expensive homes have been slashed since the mini-Budget sparked turmoil in the mortgage market.

The number of properties for sale in the centre of the capital with price reductions jumped by 76pc in the last week of September compared to the same period in 2021.

Other sellers raced to pull properties from sale altogether, bringing a 48pc jump in the number of withdrawn listings in prime central London, compared to the same week last year.

In the three weeks before the mini-Budget, by contrast, the year-on-year change in withdrawn properties was 0pc, according to LonRes, a data company.

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