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Prime London residential prices at lowest levels in 5 years

Tighter rules on foreign corporate buying largely behind the fall that has wiped out gains from 2010-2014 boom

Empty apartments in the posh Kensington area. The new stamp duty rule applies especially to opaque deals from tax havens. The move, to counter alleged money laundering - in particular from Russia, the Middle East, China and Africa - has reduced international purchases sharply.


LONDON'S prime property prices have fallen to their lowest levels in five years wiping out gains from the last residential boom from 2010 to 2014.

Since their peak in 2014, the average prime property prices in top London areas - from Kensington and Knightsbridge to St Johns...

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