Asking prices for London homes record biggest falls this decade

Average drops are biggest in Kensington and Chelsea at £300,000, but prices are up £58,000 in Southwark, says Rightmove

Asking prices for homes in London have recorded their biggest annual fall so far this decade and have dropped on average by £18,000 in the space of just a month, the property site Rightmove said on Monday.

But this headline finding masks much larger falls in some of the capital’s most expensive boroughs. The average asking price of a home in Kensington and Chelsea plummeted by more than £300,000 between August and September, and Camden was also hit hard.

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