... And the easiest way to confirm it, is to look at recent (and not so recent) home listings in Kensington and Chelsea, where we find something stunning: out of 130 pages of adverts, with 15 ads per page, nearly half of all properties, or 53 of the pages show price reductions.
(Click on image to enlarge)
... through Page 53
And it will only get much worse: there are 23 pages worth of property that has been on the market for more than a year.
(Click on image to enlarge)
The liquidation sales are coming.
Comments
Log in or sign up to join the conversation.