But up is up. And compare it with the properties you couldn’t afford in 2014 in Kensington and Chelsea:
Source: KFH
As we’ve already seen, here prices are stagnant-to-down.
So a differential has opened.
I don’t want to overplay this observation. Prices are still sky high in the Royal Borough. And of course somebody young who eschewed Zone One in 2014 may have since acquired kids and a spouse and a golf habit that’s no longer compatible with what they can afford in prime London, even with a price cut.
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