The annual rate of increase is the lowest since November 2009,says estate agent Knight Frank, with some areas recording falls over the past 12 monthsProperty prices in London’s most expensive neighbourhoods have increased by 1.7% since August 2014, and the lowest pace of change in more than five years,according to figures from Knight Frank.
The firm’s latest prime central London sales index suggests changes to stamp duty rules in December and uncertainty caused by China’s currency devaluation caused the summer slowdown to be sharper than normal.
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Source: theguardian.com