Prices for some jewels of London real estate are falling fast, with more coming on the market even as fears of a market crash and uncertainty weigh on demand.
According to Hannah Taylor, an assistant sales manager at broker MyLondonHome,Purchasers are asking for reduction of 15 percent or more when they bid for homes, and penthouses are no exception.

Here are five penthouses in the city that have had their asking prices cut by at least 20 percent:
Bondway, Nine Elms, SW8: 20 per cent reduction Agent: Charles Frances Properties
This five-bedroom home on the 49th floor of the Aykon London One tower near Vauxhall station is now being offered for S$19.2 million, compared with its original asking price of 13.8 million pounds. With interiors designed by Versace Home, the building includes roof gardens and a gymnasium, an indoor swimming pool, cinema room and dedicated children’s area with panoramic city views.

Agar Grove,NW1:22 percent reduction Agent: Prime Metro
This double bedroom duplex aparments situated on the second and third floor of a newly developed purpose built block in Camden, near King’s Cross, is being offered for 1 million pounds, down from an earlier asking price of 1.28 million pounds.

Warple Way, Acton, W3:30 percent reduction Agent: Marsh & Parsons
This three-bedroom lateral penthouse near Turnham Green subway station has a 30 square-meter terrace and a walk-in wardrobe. The home has 2,466 square feet (229 square meters) of space and has an asking price of 1.95 million pounds, reduced from 2.45 million pounds.

Chelsea Creek, Chelsea, SW6: 20 per cent reduction Agent: MyLondonHome

This two-bedroom property is in Counter House, near Imperial Wharf and Fulham Broadway stations. The vendor is now seeking 1 million pounds, discounted from an initial asking price of 1.38 million pounds for the fourth floor property, which has a wrap around balcony. The complex includes a spa with a swimming pool, gym, sauna and steam room.

Source: Bloomberg

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