Eight in 10 homes in London’s poshest postcodes now sell below asking price, Coutts finds
Why This Matters
Key context: <p>Sellers in areas such as Belgravia and Mayfair face hundreds of thousands of pounds in losses as property prices fall</p><p>Eight out of 10 properties in London’s most exclusive neighbourhoods – such as Mayfair, Belgravia and Knightsbridge – now sell below asking price, according to research by Coutts, which provides private banking services to wealthy clients.</p><p>Property prices in “prime central London”, which covers the city’s most expensive postcodes, have dropped 5% in the third quarter of 2026, as the <a href="https://www.theguardian.com/business/2026/oct/30/uk-house-prices-grow-at-slowest-pace-in-two-years-as-mortgage-rates-rise">slowdown in the UK’s property market</a> hits its wealthiest residents.</p> <a href="https://www.theguardian.com/money/2026/oct/31/homes-london-poshest-neighbourhoods-sell-below-asking-price-coutts">Continue reading...</a> This development from The Guardian highlights ongoing changes in the sector.
Sellers in areas such as Belgravia and Mayfair face hundreds of thousands of pounds in losses as property prices fallEight out of 10 properties in London’s most exclusive neighbourhoods – such as Mayfair, Belgravia and Knightsbridge – now sell below asking price, according to research by Coutts, which provides private banking services to wealthy clients.Property prices in “prime central London”, which covers the city’s most expensive postcodes, have dropped 5% in the third quarter of 2026, as the slowdown in the UK’s property market hits its wealthiest residents. Continue reading...
Curation & Context
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