Asking prices for newly listed homes in UK’s richest borough fall by £100k in one month
Fierce competition in some areas of London means landlord purchasers are making successful lowball offers
The average price of a home coming up for sale in Britain’s richest borough has dropped by almost £100,000 in a month as fierce competition among sellers in many areas prompts some to slash their price expectations, data shows.
The property website Rightmove said that for Britain as a whole, average newly listed asking prices for homes had fallen by 2% over the past month, the largest August price drop in eight years.
Source: Theguardian.com
Original source: https://www.theguardian.com/business/2026/aug/17/newly-listed-asking-prices-kensington-chelsea-london-uk-lowball-offers