LonRes warned London luxury homes sales down16%in January with largest prices decline since2019

LonRes, the real estate researcher in Britain, warned that sales of London luxury homes plummeted 16% in January compared with a year earlier as higher interest rates affected demand and more supply came to the market that prices for properties in prime areas of the UK caital, defined as 34 exclusive neighborhoods including Belgravia, Mayfair and Kensington, were down 7.1% in last month compar