<p>Sellers in areas such as Belgravia and Mayfair face hundreds of thousands of pounds in losses as property prices fall</p><p>Eight out of 10 properties in London’s most exclusive neighbourhoods – such as Mayfair, Belgravia and Knightsbridge – now sell below asking price, according to research by Coutts, which provides private banking services to wealthy clients.</p><p>Property prices in “prime central London”, which covers the city’s most expensive postcodes, have dropped 5% in the third quarter of 2026, as the <a href="https://www.theguardian.com/business/2026/oct/30/uk-house-prices-grow-at-slowest-pace-in-two-years-as-mortgage-rates-rise">slowdown in the UK’s property market</a> hits its wealthiest residents.</p> <a href="https://www.theguardian.com/money/2026/oct/31/homes-london-poshest-neighbourhoods-sell-below-asking-price-coutts">Continue reading...</a>
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Eight in 10 homes in London’s poshest postcodes now sell below asking price, Coutts finds
<p>Sellers in areas such as Belgravia and Mayfair face hundreds of thousands of pounds in losses as property prices fall</p><p>Eight out of 10 properties in London’s most exclusive neighbourhoods – such as Mayfair, Belgravia and Knightsbridge – now sell below asking price, according to research by Coutts, which provides private banking services to wealthy clients.</p><p>Property prices in “prime central London”, which covers the city’s most expensive postcodes, have dropped 5% in the third quarter of 2026, as the <a href="https://www.theguardian.com/business/2026/oct/30/uk-house-prices-grow-at-slowest-pace-in-two-years-as-mortgage-rates-rise">slowdown in the UK’s property market</a> hits its wealthiest residents.</p> <a href="https://www.theguardian.com/money/2026/oct/31/homes-london-poshest-neighbourhoods-sell-below-asking-price-coutts">Continue reading...</a>