Prime London residential prices continue to decline, but at a slower rate according to Knight Frank.
 
Prices of luxury property in central London fell by 0.1% in August, a decline which followed the 0.5% fall in July whilst the recent price falls mean that the annual rate of price growth - which hit 21% in April this year, has softened to 16% in August. 

Source: propertytalk Live!.

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