Prime Central London (PCL) values saw 0.4% price growth in June, according to the LCP Private Office.<\/p>\n
Over the 12 months to June 2025, however, PCL values dipped by -2.3%, the steepest annual drop since 2019. Transaction volumes remain subdued across the prime London market, down -21.7% on the previous year.\u00a0<\/p>\n
Liam Monaghan, managing director of LCP Private Office, comments: \u201cThe PCL sales market has remained significantly subdued, with transaction volumes in the year to March down -21.7% compared to the previous year, averaging just 57 sales a week.\u00a0<\/p>\n
\u201cCentral London portal, LonRes, reported an even more dramatic fall in prime London sales during May, with 35.8% fewer transactions than the same point a year ago, and 33.5% fewer than the 2017-2019 average for May.\u00a0<\/p>\n
\u201cMeanwhile, the level of stock on the market continues to edge higher, particularly in the \u00a35m+ market.<\/p>\n
The end of the non-dom tax regime in April, ongoing buyer caution and general negative sentiment around the global economic volatility, are key factors impeding sales activity in the prime market.<\/p>\n
\u201cWe expect buyers to proceed with caution over the summer months in the run up to the Autumn Budget, however, there is a compelling opportunity for savvy buyers to secure prime\u00a0<\/p>\n
London real estate in a less competitive market at the best value in a decade.\u00a0<\/p>\n
\u201cSimilarly, for vendors willing to price appropriately or remain open to accepting offers, there are real opportunities to transact.\u201d<\/p>\n
LCP says prices were down across the majority of Central London\u2019s villages in the 12 months to June, with the most significant decreases seen in South Kensington across both flats (-4.2%) and houses (-4%). This prime village is currently showing the greatest value, with prices further below their 2015 market peak than any other area in PCL, down -13% for houses and a substantial -20.5% for flats.\u00a0<\/p>\n
The only villages to see price growth, albeit marginal, were Fitzrovia (0.2% growth for flats, 1.1% for houses), Mayfair (0.5% growth for flats only), with the largest growth seen in Marylebone (0.6% for flats and 1.1% for houses)<\/p>\n","protected":false},"excerpt":{"rendered":"Prime Central London (PCL) values saw 0.4% price growth in June, according to the LCP Private Office. Over…\n","protected":false},"author":2,"featured_media":318473,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7757],"tags":[748,393,4884,257,16,40170,15],"class_list":{"0":"post-318472","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-london","8":"tag-britain","9":"tag-england","10":"tag-great-britain","11":"tag-london","12":"tag-uk","13":"tag-uk-property-market-analysis","14":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114973358498029446","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/318472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=318472"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/318472\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/318473"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=318472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=318472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=318472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}