London house price slowdown worsens as luxury areas lose value Property House prices losses in London accelerated in June as the capital’s most sought-after postcodes shed value again. The average house price in London dropped by 3.3 per cent in July to £550,000, worse than June’s 2.5 per cent fall, according to the Office for National Statistics (ONS). The capital’s most affluent postcodes have suffered sharp [...]
Luxury London property developer collapses as housing market slows Property A luxury London property developer has collapsed after running out of funds, as the capital’s prime housing sector faces growing pressure. London Richmond Ltd, which describes itself as a “boutique” developer focusing on the “finer areas” of the capital, has appointed administrators, City AM has learned. In the latest sign that London’s prime property market [...]
Wimbledon property market drops ball ahead of Grand Slam Property Wimbledon’s property market has suffered an unforced error ahead of next month’s Grand Slam, as house prices slip in spite of the world-renowned tournament. Home to the world’s most prestigious tennis tournament, prices in the south-west suburb have fallen by almost 12 per cent over the last year, according to research conducted by independent estate [...]
London luxury property at mercy of Labour chaos, not Iran war June 2, 2026 Labour party infighting, not the Iran war, is the primary factor shaping the ongoing slump in London’s luxury property market, experts have said. While inflation fears caused by the Iran war had been blamed for the capital’s stagnant prime property market, speculation around the tax regime of a potential successor to Starmer is emerging as [...]
‘It doesn’t work anymore’: Wealthy Brits snub UK property market in search of better returns April 21, 2026 Affluent Brits are pulling out of the UK property market at pace, the boss of a major London bank has said, as high taxes, burdensome regulation and stagnant house prices prompt investors to look elsewhere for greater returns. Ian Rand, chief executive of Monument Bank, which caters for mass affluent account holders with six figures [...]
‘Soul destroying’: Why London’s luxury property market has taken the biggest hit in a decade April 16, 2026 It’s been almost three years since Emma first put her Kensington home on the market. With an initial asking price of just over £4m, she turned down a number of early low-ball offers before accepting one only slightly below what she’d wanted. But after months of dithering, the buyer pulled out at the last minute. [...]
Middle East expats rush back to London, luxury property rents spike April 10, 2026 An influx of people who have recently moved to the Middle East are now seeking short-term refuge in London, pushing up rents in the capital’s luxury property market – according to a leading estate agency. British, European and North American nationals have rushed to snap up short-term rentals in high-value London properties since the Iran [...]
Non-dom reforms blamed for collapse of Harrods luxury property arm April 9, 2026 The collapse of department store Harrods’ luxury property arm was due in large part to the government’s abolition of the non-dom tax regime, estate agents have said. Harrods Estates, which opened on the shop floor in 1897, has announced the closure of its only remaining office in Knightsbridge. London estate agents said the collapse of [...]
Mansion tax to hit 165,000 homeowners April 3, 2026 The mansion tax is expected to hit 165,000 homeowners in its first year, more than the 120,000 that was previously thought. The levy will hit 45,000 more properties than had been initially forecast, according to the fiscal watchdog, and thousands could successfully appeal the tax. The mansion tax, introduced at last year’s Budget, will not [...]
London luxury property market extends slump as Iran war knocks confidence March 19, 2026 London’s luxury property market continued its slump in February as market confidence took a hit from the Iran war just as it began to recover from last year’s Budget. There were 31 per cent fewer sales for prime properties – which defines those in the top five per cent of the market – this February [...]