# Eight in 10 homes in London’s poshest postcodes now sell below asking price, Coutts finds

- URL: https://talkfuse.com/story/eight-in-10-homes-in-londons-poshest-postcodes-now-sell-below-asking-price-coutts-finds/
- Published: 2026-10-31T06:00:37+00:00
- Updated: 2026-10-31T07:07:34+00:00
- Original publisher: The Guardian (publisher lean: Left)
- Original article: https://www.theguardian.com/money/2026/oct/31/homes-london-poshest-neighbourhoods-sell-below-asking-price-coutts
- Topics: Business

## Key points

- Eight in 10 prime London homes sell below asking price.
- Prices fell 5% in the third quarter.
- Sales above £10m remain active at the very top end.

## Summary

Eight in 10 homes in London’s most exclusive neighbourhoods are selling below their asking price, as falling values and cautious buyers weigh on the market. Coutts says prime central London prices fell 5% in the third quarter of 2026, leaving some sellers facing losses of hundreds of thousands of pounds or more.

Homes sold for an average 10% below asking price, while prices across the top end of the market are 14% below their 2014 peak. Knightsbridge and Belgravia are among the hardest-hit areas, with prices down 30.8% and 26.9% from their peaks; listings and transactions have also declined, although Savills recorded 26 sales above £10m in the quarter.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.