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Could I buy a Mayfair home?

While prices are falling in prime central London, with an average 10% discount, a Mayfair home still costs millions. The average UK house price was £291,000 in August 2023, so even with a discount, these properties remain far out of reach for most people. It's a buyer's market at the very top.

Stories that explain this

Eight in 10 Mayfair and Belgravia Homes Sell Below Asking Price

Related explainers

Who buys London's prime homes? Why are luxury homes cheaper? How do they buy property? What was the 2014 peak? What caused the 2014 peak? How important is property to the UK? Is London losing its allure? Are there fewer overseas buyers now?

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