House prices in London’s most expensive areas have begun to fall for the first time since the financial crisis. An expected renewed boom after the election results assured there would be no mansion tax has not materialized.
Notting Hill, Kensington and Knightsbridge have been worst hit, with the number of transactions changing hands dropping nearly a quarter year on year. http://www.ft.com/cms/s/0/da3e6238-218a-11e5-ab0f-6bb9974f25d0.html#axzz3fU8mON4O
Source: Financial Times