Eight in 10 homes in London’s poshest postcodes now sell below asking price, Coutts finds
Summary
Coutts found that 80% of homes in prime central London sold below their asking price, at an average discount of 10%. Prices fell 5% in the third quarter of 2026 and stood 14% below their 2014 peak, while listings and sales also declined.Key Facts
- Coutts reported that prices in prime central London fell 5% in the third quarter of 2026.
- Prices across the area were 14% below their 2014 peak.
- Knightsbridge and Belgravia were among the hardest-hit areas, with prices 30.8% and 26.9% below their peaks, respectively.
- New listings fell 14% from the previous quarter, and available properties declined 6% year over year.
- Transactions fell 9.1% in the third quarter; sales in the £2 million to £5 million range dropped 22.3%.
- Savills counted 26 London home sales above £10 million in the third quarter, bringing the annual total to 127.
- Savills said those sales were worth a combined £2.88 billion over the past year.
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