London's housing market has been going through a sticky patch. With political uncertainty around the general election in 2024 and before the Budget in the autumn, sales rates have plummeted to record lows.
The number of home sales in 2024 dropped to 75,363 in 2024, according to new analysis from the property group JLL, the lowest for more than 20 years, and even lower than at the height of the Global Financial Crisis and property crash of 2008. The final count for 2025 is on track to be similar.
