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Story summary
- London’s high-end property market is seeing prices fall sharply, with owners losing up to 25%.
- A west-London flat at Queen’s Gate Gardens dropped nearly £1 million to £4.4 million.
- A nearby house fell from £20 million to £14 million.
- Inner-London boroughs recorded an 8.3% price decline YoY, versus a 2% national rise.
- Prime properties now spend 186 days on market, up from 178 days.