August was a slow month for the prime London sales market, even by the usual standards of the summer break. New instructions and transactions were both down around a fifth compared to last August, while values continued to fall. There were 19.0% fewer transactions in August than the same month a year ago, and 25.6% fewer than the 2017–2019 (pre-pandemic average) August average. The number of sales was the lowest in any August since 2008. Meanwhile the number of properties going under offer was 15.3% lower than a year ago but 9.4% higher than the 2017–2019 (pre-pandemic average) August average. This suggests that underlying demand has not completely fallen away but that agreed offers are slow to progress through to confirmed sales.
Prime London Market Update September Edition 2026
Prime London Market Update September Edition 2026