Business · 8 hours ago

Eight in 10 Mayfair and Belgravia Homes Sell Below Asking Price

Amanda Slater, CC BY-SA 2.0, via Wikimedia Commons

Eight out of every ten homes in London's most exclusive areas, including Mayfair, Belgravia and Knightsbridge, now sell for less than their asking price, research by private bank Coutts has found. Prices in prime central London fell 5% in the third quarter, with homes going for an average 10% discount. Prices at the very top of the market are now 14% below their 2014 peak.

By BriefTea Editorial · 31 October 2026 at 7:42

Reported by The Guardian · How we write briefs

Get the app

More briefs

PoliticsHealey Considers Off-the-Books Borrowing to Fund Defence TransportAvanti West Coast Paid Out £20m in Delay Refunds This Summer BusinessIntel shares crash 28% and Alphabet falls again as AI spending worries grow BusinessAlphabet shares fall over 12% as Google's AI answers eat into search ad sales BusinessDoorDash buying Instacart for $17bn, and Instacart customers get 50,000 more stores BusinessMusk says Neuralink product lets users control computers with thoughts. More business stories → Browse all stories →