Average discount in Prime London reaches five-year high - Coutts

Supply is outpacing demand, but positive sign 'might motivate buyers to become more active,' suggests LonRes.

£15mn-plus deals dropped off by a quarter in 2024, reports Beauchamp Estates, as tax hikes, non-dom changes & political uncertainty spooked billionaire buyers.

Private bank's latest survey of the capital's luxury market shows prices falling, average discounts close to 9% and almost 80% of sales coming in below asking price.