Property News

Luxury homeowners could be forced to slash asking prices by 25% or more

09/01/2009

Owners of luxury homes could have to drop their asking prices by a quarter or more to get a buyer. According to estate agency Knight Frank, prices for 'prime country houses' fell by 16 per cent last year, with a fall of nine per cent in the last quarter alone. Knight Frank says it predicts the price falls to be less drastic in the coming year as s...

  more