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Evening Standard
Evening Standard
Business
Ruth Bloomfield

London's mega-mansion fire sale: why the super rich are slashing millions off their asking prices

In the early summer the sun was shining, the air was scented with lilac and Kam Babaee was full of optimism when he put his former family home on to the market for £7.95 million.

The magnificent seven-bedroom Gothic vicarage in Chiswick had just been fully renovated and Babaee thought that another family would snap it up.

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