PCL vendors need to drop prices by 6-7% to secure buyers – Savills

Revised five-year forecasts predict more adjustments to come for the high-value homes sector

Property prices in Prime Central London are likely to drop by 9% this year, predicts Savills in its revised five-year forecasts, and there’s no uptick on the cards until Brexit shenanigans clear up a bit (hopefully) in 2019.

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