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.