High end agency Knight Frank says prices in prime central London have fallen again - although the 4.4 per cent drop in the past year is actually the smallest annual drop recorded since the start of 2019.
But when you take into effect the poor performance of the pound since the EU Referendum in June 2016 what Knight Frank calls “the effective discount on prime central London property for buyers denominated in a range of overseas currencies” has become over 25 per cent.
The discount has widened in recent weeks as political uncertainty rises in the UK, it says.
Join the conversation
Be the first to comment (please use the comment box below)
Please login to comment