London Real Estate Prices Are Crashing

… 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.

Page 1

… 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.

The liquidation sales are coming.