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Evening Standard
Evening Standard
Business
Jonathan Prynn

Pound slump leaves elite London neighbourhoods at huge discount for overseas property buyers

Harrods in Knightsbridge, where prices are down nearly 50% in dollar terms

(Picture: LightRocket via Getty Images)

Homes in London’s most desirable addresses are almost 50 per cent cheaper in dollar terms than they were at their peak in 2014, according to new research today.

The weakness of the pound against the greenback over recent years means that hugely expensive areas such as Knightsbridge, Chelsea and Notting Hill are all seen as “good value” by wealthy foreign investors.

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