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The Independent UK

Lifestyle

Simon Gammon

Voices: We can’t afford to let London’s ‘golden postcodes’ go to the wall

London Simon Gammon Knight Frank Jeremy Corbyn Rachel Reeves Sir Keir Starmer Britain OBR

The top end of London’s property market usually eases into the year, but 2025 has got off to an unusually subdued start. The capital recorded just 34 sales worth more than $10m (£7.4m) during the first quarter of this year – about a third fewer than in the same period in 2024, according to Knight Frank’s latest Global Super-Prime Intelligence report.

The slowdown stands in stark contrast to a global market that is gaining momentum. Worldwide, 527 super-prime properties changed hands in the first quarter, a 6 per cent year-on-year increase.

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