The Latest Breaking News from LonRes

‘People are deserting it’: why are London mansions struggling to sell?

For decades, the capital’s house prices raced ahead of the national average – but now they are falling in prime areas

The Guardian - UK · Oct 3

Mayfair and Bayswater in demand as prime central London sees first house prices rises since 2023

Sales of £5 million-plus homes are up, with high demand around luxury new developments and a growing number of US buyers

Evening Standard · Mar 19, 2025

London's biggest January sale: huge property price drops across the capital — and why

At the top end of the market, agents are reporting price drops of up to 50 per cent

Evening Standard · Jan 22, 2025

Record number of £10m-plus London properties sold as pound falters

Despite Brexit and the loss of Russian custom, the super-rich are still piling in, buying up homes including one on Belgrave Square for £90m

The Guardian - UK · Jul 24, 2022

Trophy home sales soar as London’s luxury property market restarts

Central London’s luxury market has begun its recovery following the uncertainty of Brexit and the Covid-19 pandemic.

Evening Standard · Mar 17, 2022