Prices cut on London’s most expensive properties

According to data from LonRes, asking prices of London's most expensive homes have been slashed since the Chancellor's mini-budget last month sparked turmoil in the mortgage market. The number of properties for sale in the centre of London with price reductions jumped by 76% in the last week of September compared to the same period in 2021. Prime London sale prices in September were up just 0.7% year-on-year and 2.4% compared to pre-pandemic levels – a significant contrast to the rest of the country. 

The Daily Telegraph (10/10/2022)