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Luxury-housing boom in London fizzles out

Price gains in best neighbourhoods trail poorer districts and other large UK cities

Published Sun, Apr 26, 2015 · 09:50 PM

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    London

    LONDON'S luxury-housing boom is running out of steam, with price gains in the city's best neighbourhoods trailing poorer districts and other large UK cities.

    Home values in the Kensington & Chelsea borough rose the least in the city in the 12 months through March, while Newham, one of the least-expensive boroughs, climbed the most, property researcher Hometrack said in a report on Friday.

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