Property
Gloom for London Luxury Property Market as Mansions Sold at 30% Discount

Late last year, celebrities packed a party thrown at Fatima and Eskandar Maleki’s luxury mansion in London’s Mayfair neighborhood. The occasion, in part, was meant to showcase the sprawling townhouse the hosts had been trying to sell for quite some time without much success.
A few months after the bash, the art collector-oil tycoon couple eventually found a buyer from the Middle East, but only after agreeing to a hefty discount: 33% below the property’s original asking price of £40 million ($50 million).
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