London home price cuts spread as market stagnates

Prices drop: A file picture showing houses at Victoria Road in London’s Kensington district. Price cuts seen in prime central London in the immediate aftermath of Brexit are now filtering through to outer boroughs. – Bloomberg

Political uncertainty and high values affecting demand

LONDON: More London home sellers are having to cut the asking price of their homes, and they’re offering deeper discounts as political uncertainty and high values dampen demand.