Average prices in London's most luxurious districts continue to slip lower as increased economic and political uncertainty takes its toll, according to research from broker Savills.

In prime central London, average prices fell 1.3% in the three months to June for a cumulative 6.8% drop since the Britain decided to leave the European Union, one year before.

Prices were 14.4% lower than the peak reached in 2014.

According to the data from Savills, which was cited by Bloomberg, prices fell in all the districts with a high level of buyers working in the City, including Kensington, Notting Hill and Canary Wharf.

Across all of prime London homes, which includes Canary Wharf or Wimbledon, average prices were fell by 0.9% during the second quarter and were off by 5.5% from a year ago.

Higher taxes onluxury properties and incerased charges on purchases of second homes were also factors, as was a record number of planned luxury apartments on the edges of central London.

Before the referendum, the market had appeared to be bottom, Savills said.

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