Knightsbridge home prices drop most in central London on tax

LONDON: Knightsbridge is the worst performing housing market in central London this year as rising taxes curb valuations in the district that's home to the Harrods department store.

Prices fell 6.1% as an increase in the stamp duty charge damped demand and sales volumes fell, according to Rupert des Forges, a partner at broker Knight Frank LLP.