Property marketDEVELOPING
London mansions struggle to sell as sellers cut prices by millions
London’s prime property market is weakening as owners accept deep discounts on multimillion-pound homes. In the first half of 2026, prime properties stayed on the market for an average of 186 days, while the average discount widened to 10.4%.
- London luxury property owners are cutting prices by millions of pounds.
- Prime homes spent an average of 186 days on the market in the first half of 2026.
1 sources50% confidence
