Rightmove reports that average new asking prices in London’s Royal Borough of Kensington and Chelsea decline month to month. The current average new asking price is £1,552,970 for August, down by about £95,000 from July, based on Rightmove’s data.
Both outlets highlight Kensington and Chelsea as a particularly expensive area within Britain’s property market. The reporting focuses on the change in asking prices rather than confirmed sales, and attributes the figures to Rightmove’s tracking of listings. While they both describe the same drop and provide the same August and July numbers, they do not add additional analysis on possible drivers of the movement, such as wider economic conditions or local supply and demand changes.
