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Sellers begin to buckle as sky-high London home prices decline

Wed, Oct 18, 2017 - 5:50 AM

An estate agent board on display outside a property in London. Home price declines for the most expensive homes are rippling out to the rest of the city as tax increases for landlords, fears about the economy after the Brexit vote and high values dampen demand.

REUTERS FILE PHOTO

London

SATYAJIT Sahu sold his home in south-east London's Orpington district last month because he says he was worried that Brexit was likely to hurt the prospects of UK homeowners.

News that home prices in the city are now falling at their fastest pace since the financial crisis "...

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