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Demand for luxury homes falls

Series: Financial Times ; 21 June 2001, 26(1)Publication details: 2001Subject(s): Summary: Residential agent Chesterton International has issued a profits warning for the year to 30 June 2001 in response to a sharp fall in demand for upmarket London homes. Chesterton's chief executive has commented that sales of the most expensive houses are 50% down on the same period last year.

Residential agent Chesterton International has issued a profits warning for the year to 30 June 2001 in response to a sharp fall in demand for upmarket London homes. Chesterton's chief executive has commented that sales of the most expensive houses are 50% down on the same period last year.