House prices in some of Britain’s most exclusive postcodes have fallen by a quarter over the past year as higher taxes and uncertainty over the outcome of Brexit dampens demand.
Almost £500,000 has been wiped from the average value of homes in Kensington and Chelsea and the City of Westminster in the year to November, according to Your Move.
Other upmarket areas in the capital, such as Hammersmith & Fulham and Camden, have had falls of more than 10%, the estate agency said.
