London sales slump to six-year low as price cuts surge
Fresh analysis of LonRes data reveals agreed sales in the first nine months of 2026 were 22% below the five-year average, and 36% below 2021 levels.
What to read next
Reuters cuts UK house price forecasts; London tipped for 1.4% fall
Property pundits have downgraded their expectations for the UK housing market.
House price growth on track to fall to just 0.5% by the end of the year – Zoopla
Property portal blames high mortgage costs for 'tempering the autumn rebound in housing activity.'
Industry Reactions: Official data shows sharpest London price falls since January 2024
July's UK House Price Index recorded a third month of slowing house price growth at the national level.
Most read
Finchatton takes on one of Chelsea’s biggest development prizes
Exclusive: Super-prime heavyweight drafted in to steer landmark PCL scheme promising 78 residences with 'world-class' amenities.
Inside St John’s Wood Square: Sales launch at ‘once-in-a-generation’ super-prime project
Portia Fox-designed show apartment unveiled as long-awaited transformation of historic NW8 barracks site hits the market, with pricing revealed for the first time.
Native Land unveils £15.5mn penthouse with one of Marylebone’s biggest roof terraces
In Pictures: Developer rounds off sales programme at well-received PCL scheme with a flourish.
Major developer calls time on London as viability ‘fundamentally broken’
Economic rewards for taking development risk in the capital have 'evaporated,' says housebuilding giant boss.
Former Knight Frank Private Office partner launches buying agency
Senior figure sets up independent operation focused on high-value acquisitions.
Knight Frank adds more affiliate brokers as enquiries top 170
Agency continues rollout of self-employed model as it targets key territories across South East and West London.
Have PCL property values turned a corner?
Fresh Savills data suggests the pace of decline is easing across prime markets, as buyers & sellers become 'more aligned on price.'
Buyer found for Richmond Park ‘gem’
Picturesque former gate lodge is one of only a handful of private homes tucked away inside the 2,500-acre Royal Park.
New head of sales at Knight Frank Islington
Sophie McCarthy takes the reins after 17 years with the agency.
Luxury London lettings hit record levels as international buyers bide their time
Wealthy residents 'have not turned away' from Prime Central London, says JLL.
LATEST ARTICLES
JLL’s Grainger to move on after 20 years
Former UK & EMEA chief announces departure from global agency at the end of 2026.
London sales slump to six-year low as price cuts surge
Exclusive: Fresh analysis of LonRes data reveals agreed sales in the first nine months of 2026 were 22% below the five-year average, and 36% below 2021 levels.
Buyer demand slips again as the Budget looms
'There’s certainly an element of buyers adopting a wait-and-see approach ahead of the Autumn Budget,' notes eXp after analysing Rightmove listings.
Prime London Property Market Snapshot: Week 41, 2026
The number of sales agreed and listing going under offer fell back again last week...
Former Knight Frank Private Office partner launches buying agency
Senior figure sets up independent operation focused on high-value acquisitions.