00:00House prices in some of London's wealthiest wearers have fallen at double-digit rates,
00:05with Westminster and Kensington and Chelsea seeing the sharpest declines.
00:10Official data shows values in both areas are down by more than 10%,
00:14leaving average prices close to levels last seen over a decade ago.
00:19Westminster has fallen to around £872,000,
00:24while Kensington and Chelsea is averaging around £1.2 million.
00:29The drop is part of a wider fall across inner London, which is down the most since the financial crisis.
00:37Analysts say higher taxes, weaker demand and rising mortgage costs are all contributing to the slowdown in the capital.
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