London calling? If your dream home is a luxury apartment near Harrods, you may want to wait until next year to buy.
Savills, a leading U.K. real estate agency, forecasts prices of prime London property will have fallen by 9% by the end of this year and will stay flat in 2017.
That follows last year's 3% fall in prices. Add the "Brexit bonus" of a cheap pound and foreign house hunters could be in for a bargain.
The pound has dropped well over 13% against the dollar since the U.K. voted to leave the European Union on June 23. That means a property worth $1.5 million three months ago would now cost an American buyer $1.3 million.