Sales of the century in London - and the countryside
18 October 2019
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Since the prime London market hit its peak after the second quarter of 2014, prices in Westminster, Kensington, St John's Wood, Hampstead and Belgravia have fallen by an average of 20.4%. If you factor in a dip in the value of sterling, someone buying with US dollars would find a typical home 42% cheaper today than it was five years ago. The allure is obvious for international buyers, particularly those with US dollars or currencies pegged to the dollar, which includes the dirham in the United Arab Emirates and riyal in Qatar and Saudi Arabia.