‘The outlook must be for a continued gradual decline in the real value of property’

PCL property values have dropped by 15-20% since 2014's peak - and aren't stopping

We’ve been through two years of tumbling values and escalating transaction taxes…  Here one of the most informed people in the industry, James Wyatt, looks into the reality and repercussions of a falling property market in prime central London.

Prices in Prime Central London have now been falling for the last two years and according to the market evidence values are down between 15%-20%, depending upon location and type. The market peak was in late summer 2014 and the squeeze on the City coupled with the punitive increase in stamp duty have been the driving factors behind this slow slide in values.

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