A key gauge of the U.K. housing market fell to the weakest since just after the financial crisis.
For anyone with one eye on a sweet penthouse in London, every day is like Black Friday.
Prices for some jewels of London real estate are falling fast, with more coming on the market even as fears of a market crash and uncertainty weigh on demand. Purchasers are asking for reductions of 15 percent or more when they bid for homes, and penthouses are no exception, according to Hannah Taylor, an assistant sales manager at broker MyLondonHome.
Here are five penthouses in the city that have had their asking prices cut by at least 20 percent:
Bondway, Nine Elms, SW8: 20% reductionAgent: Charles Frances Properties
This five-bedroom home on the 49th floor of the Aykon London One tower near Vauxhall station is now being offered for 11 million pounds ($14 million), compared with its original asking price of 13.8 million pounds. With interiors designed by Versace Home, the building includes roof gardens and a gymnasium, an indoor swimming pool, cinema room and dedicated children’s area with panoramic city views.
Agar Grove, NW1: 22% reductionAgent: Prime Metro
This double bedroom duplex apartment situated on the second and third floor of a newly developed purpose built block in Camden, near King’s Cross, is being offered for 1 million pounds, down from an earlier asking price of 1.28 million pounds.
Warple Way, Acton, W3: 20% reductionAgent: Marsh & Parsons
This three-bedroom lateral penthouse near Turnham Green subway station has a 30 square-meter terrace and a walk-in wardrobe. The home has 2,466 square feet (229 square meters) of space and has an asking price of 1.95 million pounds, reduced from 2.45 million pounds.
Long Lane, London Bridge, SE1: 22% reductionAgent: London Residential
This refurbished duplex apartment, located just off Bermondsey Street, is now on the market for 900,000 pounds, compared with 1.15 million pounds earlier. It has three double bedrooms, Bose surround sound and underground parking.
Chelsea Creek, Chelsea, SW6: 20% reductionAgent: MyLondonHome
This two-bedroom property is in Counter House, near Imperial Wharf and Fulham Broadway stations. The vendor is now seeking 1 million pounds, discounted from an initial asking price of 1.38 million pounds for the fourth floor property, which has a wrap around balcony. The complex includes a spa with a swimming pool, gym, sauna and steam room.
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